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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
US gas prices surged nearly 25% in March, marking the largest monthly increase on record. Brent crude is trading near $102 a barrel, while WTI is around $95. JPMorgan warned that policy measures will have limited impact unless safe passage through the Strait of Hormuz is assured. On March 27, oil prices rose again above $110.