Apr 17market
WTI rolled to the June contract, and now it looks $4 lower
The May WTI contract expires April 21. We now print the June quote at $89.93, and the curve keeps stepping lower all the way out to late 2026.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Apr 15analysis
IEA says oil demand will shrink in 2026 as crisis eats into consumption
The IEA cut its 2026 oil demand forecast by 730,000 barrels per day, projecting the first annual contraction since the pandemic as high prices and supply chaos ground down consumption.
Apr 14oil-prices
Oil slides below $98 as Trump says Iran wants to 'make a deal very badly'
Brent fell below $98 and Asian stocks surged after Trump said Iranian officials reached out wanting to negotiate. Pakistan has offered to host the next round.
Apr 14oil
Sanctioned Chinese tanker breaks through US Hormuz blockade
The Rich Starry, a US-sanctioned tanker owned by a Shanghai company, became the first vessel to exit the Gulf since Trump's blockade began. Oil fell below $98.
Apr 13oil-prices
$85 or $150? Bank oil forecasts have never been this far apart
Six major banks and forecasters have published oil price targets ranging from $85 to $150 a barrel. The entire spread hinges on one question: how long does Hormuz stay closed?
Apr 12oil
Trump orders immediate US naval blockade of Strait of Hormuz as peace talks collapse
President Trump announced a full naval blockade of the Strait of Hormuz on Sunday after VP Vance departed Islamabad without a deal. Traders are bracing for a volatile open when futures markets resume Sunday evening.
Apr 12iran-war
No deal: Vance leaves Islamabad after 21 hours as Iran rejects nuclear terms
VP Vance departed Pakistan after marathon talks with Iran broke down over nuclear weapons. The ceasefire expires April 22 with no follow-up scheduled.
Apr 11analysis
Bigger than 1973: why this oil crisis has no modern precedent
The IEA calls the Hormuz closure the largest supply disruption in oil market history. At 9.1 million bpd shut in, it dwarfs every crisis since WWII.
Apr 11analysis
First US-Iran face-to-face since 1979 begins in Islamabad
VP Vance and Iran's Ghalibaf opened direct talks in Pakistan, the first high-level meeting between Washington and Tehran in 47 years. Oil markets are watching.
Apr 11analysis
Saudi pipeline damage will outlast the war, and that changes everything
Iran's strikes cut 600,000 bpd from Saudi fields. The real blow: crippling the kingdom's only export pipeline bypassing the Strait of Hormuz.
Apr 10cpi
US inflation hits 3.3% as fuel costs post sharpest monthly gain since 1957
March CPI rose 0.9% month-over-month, driven by the largest fuel price jump in nearly seven decades. The Fed now faces a stagflation trap with no easy exit.