Oil Prices Spike Dramatically As Iran Ceasefire Extends, Negotiations Stall

Oil prices spiked on Wednesday, with Brent crude climbing over $100 per barrel, after President Donald Trump extended the ceasefire with Iran. A second ceasefire extension likely caused worry for investors that negotiations are not progressing, which would account for the spike. Additionally, the U.S. benchmark — West Texas Intermediate crude — rose by more ...