After the US-Iran conflict over the weekend, crude oil futures rose slightly.

Crude oil futures rose, but seemed to remain stable, as the United States and Iran planned to resume negotiations over the weekend after exchanging fire. Neil Crosby of Sparta Commodities stated in a report that the market is trying to clear the oil trapped behind the Strait of Hormuz, "as we meet crude oil demand through other sources, these crude oils are impacting the global market." However, he added, "It is still quite clear to us that unless more ships enter the strait than exit, we cannot approach a normal Arabian Gulf supply chain." West Texas Intermediate crude rose by 0.9% to $69.88 per barrel, while the most actively traded Brent crude rose by 0.7% to $73.10.