May 17wti
WTI rolled to July and stripped another $4.40 from the headline
The June WTI contract expires Tuesday. We now quote July at $101.02, down $4.40 from the expiring month. The curve is steeper than last time.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
May 13oil-prices
Why Brent is at $107 and not $150 after ten weeks of Hormuz closure
Analysts predicted $150 oil if Hormuz shut down. Ten weeks in, Brent sits at $107. China's strategic reserves, low starting prices, and stubborn deal optimism explain the gap.
May 10oil-prices
US gasoline hits $4.55 a gallon with $5 likely by Memorial Day
The national average jumped 25 cents for the second straight week to $4.55, up 53% since the war began. Analysts warn $5 is coming before the holiday weekend.
May 7iran-war
Brent back above $103 after US Navy fires on Iranian oil tanker
Brent crude jumped back above $103 after a US Navy jet disabled an Iranian oil tanker in the Gulf of Oman, rattling deal hopes as Iran's response deadline arrives.
May 7oil-prices
Brent below $97 as oil drops $17 in four days and Iran mocks deal talk
Brent fell to $97.42 on Thursday, down $17 from Monday's peak. Iran's parliament speaker mocked deal reports as "Operation Fauxios." Tehran's response is due today.
May 6oil-prices
Brent crashes through $100 as US and Iran near deal to end the war
Brent broke below $98, down $11.67 on the day, after Axios reported the US and Iran are closing in on a one-page deal to end the war. Trump paused Project Freedom.
May 6oil-prices
WTI crashes below $96 as oil sheds 10% from Monday's war peak
WTI broke below $96 on Wednesday, nearly 10% below Monday's close. Brent fell to $104. Five bearish forces are hitting at once as the market reprices the war.
May 5iran-war
Brent drops $4 from 2026 high as Hormuz clash fails to break ceasefire
Brent fell $4.31 to $110.13 after Monday's 2026 high of $114. US helicopters sank six Iranian boats during Project Freedom's first convoy, but both sides say the ceasefire holds.
May 4iran-war
Iran drone hits Fujairah oil terminal, threatening the last route around Hormuz
An Iranian drone struck the VTTI oil terminal in Fujairah, damaging two storage tanks at the endpoint of the only pipeline that bypasses the Strait of Hormuz. Brent crude surged past $113.
May 4iran-war
Project Freedom launches as US Navy guides first tankers through Hormuz under Iranian threats
The US military began guiding stranded commercial ships through the Strait of Hormuz on Monday, deploying 15,000 troops, guided-missile destroyers, and over 100 aircraft. Iran's IRGC warned it will attack any foreign forces entering the waterway.
May 1oil-prices
WTI drops 3% as Iran peace signals collide with crumbling demand
WTI fell 3.25% to $101.76 as Iran responded to US peace terms and the IEA's demand destruction warning keeps pulling the ceiling lower on crude prices.