World Oil Prices Rise Today, What’s Happening?

Jakarta, Pintu News – ING analysts Ewa Manthey and Warren Patterson say that oil prices are stabilizing after US President Donald Trump extended the deadline on Iranian energy to April 6. This move eases pressure in the short term, but the geopolitical risk premium still remains.

They also emphasized that there is still a large amount of supply at risk of disruption, so the potential for price movements is considered more likely to rise. At the same time, ongoing regional tensions and disruptions to LNG flows are also tightening the global energy market.

World Oil Prices Today Up 2%

Crude oil prices showed gains in daily trading, although on a weekly basis it is still in a weakening trend. Crude Oil was recorded at $96.646 per barrel, up by 2.166 points or about 2.29% in one day. However, on a weekly basis, the price still decreased by 1.70%.

Meanwhile, Brent traded at $110.615 per barrel, recording a higher daily gain of 2.605 points or 2.41%. However, Brent’s weekly performance is still negative with a decline of 1.52%.

Read also: Crypto Fear and Greed Index is at Level 29, Why did the Crypto Market Crash Today?

Geopolitical risks still pushing oil prices higher

According to the ING analyst, the extension of the ceasefire did ease market pressure slightly in the short term, but price risks are still likely to move up.

“The magnitude of supply at risk is still very significant. Around 8 million barrels per day are currently out of service, while much larger volumes of energy flows through the Gulf region are also still vulnerable to disruption. As such, the geopolitical risk premium is unlikely to fall appreciably.”

Furthermore, as long as both sides continue to launch attacks, plus reports that the US is strengthening its military presence in the region, concerns over supply disruptions remain high.

“In the LNG market, supply risks have further increased after tropical cyclones forced production cuts at three Australian LNG facilities, which in total account for about 8% of global supply.”

“This disruption adds pressure after the market was previously rocked by the closure of the Strait of Hormuz and the shutdown of Qatar’s largest liquefaction facility due to an attack. This further tightened an already stressed market and pushed up prices for Asian buyers,” he added.

CVXON: Tokenization of Oil Company Shares

As blockchain technology develops, assets that were previously associated with traditional commodity markets are now starting to appear in digital format, including assets related to the energy sector and oil prices.

One relevant example in this context is Chevron (CVXON). As a global energy company, Chevron’s business activities span the entire value chain of the oil and gas industry, from upstream exploration and production to refining, distribution, marketing, transportation, petrochemicals and power development.

In the blockchain ecosystem, exposure to Chevron is now also available through CVXON (Chevron Tokenized Stock), a tokenized digital representation of Chevron Corporation shares issued by Ondo Finance. Through this asset, investors, especially outside the United States, can gain access to Chevron’s stock price movements.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

As a safe crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today’ s gold jewelry price and today’s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

Download the Pintu crypto app via Play Store or App Store now. Enjoy web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Street. Oil: Upside risks persist as Iran deadline extended – ING. Accessed on March 27, 2026