The blockage of the Suez Canal caused oil prices to jump almost 6% on Wednesday. Both contracts advanced by several percentage points.

Carried by fears over the supply of black gold due to the blockage of the Suez Canal and after a mixed state of crude stocks in the United States, oil prices rebounded by almost 6%.
WTI's US barrel for May gained 5.92% or $3.42 to $61.18 from the previous day's close.
A barrel of Brent North Sea oil for same-month delivery rose $3.62 or 5.95% to $64.41 in London.
The two contracts also benefited from the publication at 2:30 p.m. GMT (3:30 p.m. in Paris) by the American Energy Information Agency (EIA) of the latest figures on crude inventories in the United States, the increase being limited to 1.9 million barrels.
According to Edward Moya, investors are “trying to gauge how long the huge container ship will block one of the busiest waterways in the world” to gauge the extent of the gold supply disruption black accordingly.