Friday, April 10, 2026 | 6:15 AM ET Market Snapshot Brent (June) $96.48 | WTI (May) $98.52 Brent +0.56%, WTI +0.66% on the day. Both contracts down 11-12% on the week, biggest weekly decline since June 2025, following Tuesday's ceasefire announcement. Hormuz traffic below 10% of normal volumes; Saudi production capacity cut 600,000 bpd, East-West Pipeline throughput down 700,000 bpd from attacks; Iran seeking transit fees; Lebanon ceasefire talks lift sentiment marginally; Gu

Thursday, April 9, 2026 | 6:15 AM ET Market Snapshot Brent (June) $98.23 | WTI (May) $99.14 Brent +3.48 (+3.6%), WTI +4.73 (+4.9%), recovering roughly a quarter of Wednesday's historic selloff. VLCC tanker rates more than doubled to W513 from W230 pre-war. Ceasefire viability in doubt as Iran continues requiring Hormuz transit permits and strikes Kuwait, Bahrain and UAE after announcement; Goldman cuts Q2 Brent forecast to $90; Russia's April oil tax revenue doubles to $9 bil

Wednesday, April 8, 2026 Market Snapshot Brent (June) $93.77 | WTI (May) $94.40 Brent -15.50 (-14.2%), WTI -18.55 (-16.4%), both back below $100 for first time since early March. European diesel -$271.50 (-17.8%) to $1,256.25 per metric ton. Trump announces two-week ceasefire subject to immediate Hormuz reopening; Iranian navy still requiring ships to request permission to transit; Kuwait and UAE report fresh Iranian drone and missile attacks after ceasefire announcement. Bot

Tuesday, April 7, 2026 Market Snapshot Brent (June) $110.67 | WTI (May) $114.73 WTI session high $116.08, a four-week high. WTI continues to trade at premium to Brent reflecting near-term physical scarcity. Saudi Arab Light OSP to Asia at record $19.50 over Oman-Dubai. Trump deadline of 8 PM EST tonight for Iran to reopen Hormuz or face destruction of every bridge and power plant in Iran; Iran rejects ceasefire, demands permanent war end; UN Security Council resolution watere

Monday, April 6, 2026 | 6:30 AM ET Market Snapshot Brent (June) $108.48 | WTI (May) $110.64 Session lows Brent $106.85, WTI $108.89. Follows Thursday's 11% WTI and 8% Brent surge, biggest absolute gain since 2020. WTI now trading above Brent, reflecting extreme Atlantic Basin physical tightness. Iran rejects immediate Hormuz reopening, calls ceasefire a trap to regroup; WSJ reports Islamabad talks dead; OPEC+ 206,000 bpd May increase called academic; Saudi Arab Light OSP to A

Thursday, April 2, 2026 | 6:00 AM ET Market Snapshot Brent (June) $108.08 | WTI (May) $107.65 Brent +6.92 (+6.8%), WTI +7.53 (+7.5%), biggest daily gains in three weeks. Europe diesel futures hit $1,498 per ton, above $200 per barrel, up nearly 10% on the session and almost double pre-war levels. Trump vows to hit Iran extremely hard over next two to three weeks with no ceasefire mention; Britain chairs 35-nation Hormuz coalition meeting; QatarEnergy tanker struck by Iranian

Wednesday, April 1, 2026 | 6:30 AM ET Market Snapshot Brent (June) $103.61 | WTI (May) $100.51 Brent session low $98.35, WTI session low $96.50 before partial recovery. Brent down roughly $3 Tuesday on Iran president war-end reports, extending losses Wednesday. Trump says U.S. could end military campaign in two to three weeks without requiring Iranian deal; OPEC output down 7.3 million bpd in March; Asian refiners buying U.S. crude at unprecedented pace; PetroChina ships rare

Monday, March 30, 2026 | 6:15 AM ET Market Snapshot Brent (May) $115.19 | WTI (May) $101.51 Brent +2.62 (+2.3%), WTI +1.87 (+1.9%). Brent up 60% in March, steepest monthly gain in LSEG records back to 1988, exceeding the 1990 Gulf War. WTI up 52% for its biggest monthly gain since May 2020. Houthis launch first Red Sea attacks of the war; Saudi East-West pipeline at full 7 million bpd capacity; Trump tells FT he wants to seize Iranian oil and take Kharg Island; South Korea we

Friday, March 27, 2026 Market Snapshot Brent (May) $110.40 | WTI (May) $96.59 Brent +2.39 (+2.2%), WTI +2.11 (+2.2%). Brent down 2.1% on the week, WTI down 2.3%, first weekly decline since February 9. Brent up 52% since the war began February 28, WTI up 43%. Trump extends energy infrastructure strike pause to April 6; Ukraine hits Baltic ports for fourth time this week; UAE pushes for multinational Hormuz Security Force; Iran calls 15-point plan one-sided and unfair. Bottom L

Wednesday, March 25, 2026 Market Snapshot Brent (May) $99.24 | WTI (Apr) $87.71 Brent -5.25 (-5.0%), WTI -4.64 (-5.0%), session lows $97.15 and $86.59 respectively. U.S. 15-point plan sent to Iran triggers ceasefire hopes; Iran's military command flatly rejects negotiations; Ukraine strikes Russian Baltic ports again; Valero Port Arthur restarting; India books 60 million barrels of Russian crude for April. Bottom Line Wednesday's sell-off is the market pricing a ceasefire tha

Tuesday, March 24, 2026 Market Snapshot Brent (May) $101.60 | WTI (May) $90.52 Brent +1.66 (+1.7%), WTI +2.39 (+2.7%), partially reversing Monday's 10%-plus collapse after Trump's power plant pause briefly sent prices below $100. Iran denies negotiations, launches fresh missile waves at Israel; Valero Port Arthur 380,000 bpd refinery shut after explosion; Saudi Aramco cuts Asian supply for second consecutive month. Bottom Line Monday's 10% drop was a relief rally built on a

Thursday, March 19, 2026 Market Snapshot Brent (May) $114.09 | WTI (Apr) $96.45 Brent session high $119.13, WTI briefly touched $100.02 before pulling back. Brent-WTI spread at widest in 11 years. Israel strikes South Pars; Iran retaliates across the Gulf hitting Qatar LNG, Saudi Yanbu, UAE Habshan and two Kuwaiti refineries; Trump threatens to destroy South Pars entirely if Qatar is struck again. Bottom Line This is the session where the war stopped being primarily an oil su

Monday, March 16, 2026 | 6:15 AM ET Market Snapshot Brent (May) $104.20 | WTI (May) $97.20 Both contracts up more than 40% this month, highest since 2022. Fujairah drone strike suspends UAE Murban exports; Sinopec cuts 500,000 bpd of runs; Trump threatens Kharg Island strikes as coalition-building stalls. Bottom Line The conflict is now in its third week and the supply destruction is compounding faster than any policy response can offset. Fujairah being hit is the detail tha

Thursday, March 12, 2026 MARKET SNAPSHOT Oil surged sharply as Iran escalated attacks on shipping and energy infrastructure across the region, shattering any hope that Trump's "we won" rhetoric would lead to a quick resolution. Brent crude climbed $4.45 to $96.43/bbl by 6:30 AM EST, having touched $100 earlier. WTI gained $3.85 to $91.10/bbl. The IEA declared this the biggest oil supply disruption in the history of global markets. Iran is executing a deliberate strategy to im

Wednesday, March 11, 2026 MARKET SNAPSHOT Oil rebounded after Tuesday's 11% plunge as markets concluded the IEA's proposed record strategic reserve release cannot offset the scale of Gulf supply disruption. Brent crude rose $1.90 (4%) to $89.70/bbl. WTI gained $1.90 (4.4%) to $85.35/bbl. Both contracts had extended losses in early Asian trade before reversing sharply higher. U.S. crude stocks, gasoline, and distillates all drew last week per the API, reflecting tightening dom

Tuesday, March 10, 2026 MARKET SNAPSHOT Oil plummeted after Trump said the war against Iran was "very complete" and Russia's Putin proposed a quick settlement, triggering the sharpest single-day reversal since the conflict began. Brent crude fell $7.71 to $91.25/bbl by 6:00 AM EST, after dropping as much as 11% earlier. WTI declined $7.31 to $87.46/bbl. Both contracts had surged past $100 on Monday to their highest since mid-2022 before retreating. Murban and Dubai physical g

Monday, March 9, 2026 MARKET SNAPSHOT Oil exploded higher in overnight trading before pulling back sharply in a historic whiplash session. Brent crude hit an intraday high of $119.50/bbl, the biggest absolute single-day price jump ever, before retreating to $104.21/bbl (+$11.52) by 6:00 AM EST. WTI spiked to $119.48/bbl before settling back to $101.65/bbl (+$10.75). Both benchmarks are at levels not seen since mid-2022. Brent had already climbed 28% last week and WTI 36%. U.S

Tuesday, March 3, 2026 MARKET SNAPSHOT Oil soared for a third straight session as the U.S.-Israeli conflict with Iran widened across the region, effectively shutting the Strait of Hormuz and disrupting energy infrastructure in multiple countries. Brent crude jumped $5.43 to $83.17/bbl, touching its highest since July 2024. WTI surged $4.74 to $75.97/bbl after hitting $76.02, its highest since June. Brent is now up nearly 10% this week alone. The conflict has escalated well be

Monday, March 2, 2026 ________________________________________ MARKET SNAPSHOT Oil prices surged on the reopen after Israeli and U.S. strikes on Iran and Iranian retaliation forced shutdowns of oil and gas facilities across the Middle East and severely disrupted shipping through the Strait of Hormuz. Brent crude spiked as much as 13% overnight to $82.37/bbl, the highest since January 2025, before pulling back to trade up $5.29 (7.2%) at $78.16/bbl by 6:30 AM EST. WTI hit an i

Friday, February 27, 2026 MARKET SNAPSHOT Oil surged as traders remained on alert for potential supply disruptions after Thursday's U.S.-Iran nuclear talks extended without resolution. Brent crude rose $1.47 (2%) to $72.22/bbl. WTI gained $1.55 (2.25%) to $66.76/bbl. Prices jumped over a dollar during Thursday's talks on reports that discussions had stalled over U.S. insistence on zero uranium enrichment, then eased slightly after Oman's mediator said the two sides had made