Organization: Influenced by the optimistic sentiment in the Middle East, oil prices have fallen back to pre-war levels.

Crude oil futures rebounded due to optimistic sentiment about supply through the Strait of Hormuz, with the main benchmark settlement price at or near pre-war levels. Antonio Di Giacomo of XS.com stated in a report, "Recent data shows that crude oil supply has returned to high levels, which helps restore confidence among market participants." An attack on a cargo ship on Thursday temporarily raised concerns about maritime security, but "traders see it as an isolated incident and continue to focus on broader improvements in transportation and export conditions." Brent crude settlement prices fell 4.3% to $71.99 per barrel, the lowest level since February 26. West Texas Intermediate crude fell 3.7% to $69.23, the lowest closing price since February 27.