ING: Oil prices remain highly sensitive to various ‘noises’ surrounding the Iran situation

Golden Ten Data, May 11—Oil prices rose immediately after US President Trump stated that Iran's response to the US proposal to end the war was "totally unacceptable." During early European trading, Brent crude oil prices rose by 3.7% to $105.07 per barrel, while WTI crude futures increased by 4.30% to $99.52 per barrel. Analysts at ING pointed out, "It was widely expected that market sentiment would gradually become fatigued in the face of an overwhelming number of news headlines and ongoing maneuvering between parties." "However, the facts show that oil prices remain highly sensitive to all kinds of 'noise' surrounding the Iran situation, highlighting the significant impact of the persistent supply disruption risk in the Persian Gulf region."