Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend might bring surprise changes in the status of the war two weeks after it started.
Brent futures for May settled at $103.14 a barrel, up $2.68, or 2.67%. U.S. West Texas Intermediate (WTI) crude for April finished at $98.71 a barrel, up $2.98, or 3.11%..
Prices were down early on Friday on an erroneous report that an Indian-flagged tanker had sailed through the Strait of Hormuz, which has been shut since the war began.
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