Global Oil Price Tracker

10 energy stocks positioned to outperform in $200 oil scenario as Strait of Hormuz remains closed. Sector strength driven by recent crude price uptick—key bet for traders on prolonged disruptions.

Hormuz Tanker Movements

• 🔥 US Allows Iranian Tankers: Treasury Secretary Scott Bessent stated the U.S. has allowed Iranian oil tankers to...

• Supply fears spike prices: Hormuz largely closed, with Brent topping $100, WTI nearing $95.
• Selective passages allowed: US lets Iranian tankers...

Emerging stress in refined markets from supply disruptions:

• API data: US crude stocks +6.56M bbls, but gasoline -4.56M bbls and distillates -1.39M...

Key Citi updates for Brent positioning:

• Short-term baseline $110-120/bbl, up from prior views.
• Middle East conflicts to ease mid-late April,...

• Normal range view: Spread returned to $5 last week (normal), now $7; WTI unaffected by supply risks unlike Brent.
• Prolonged risk signal: $7 spread...

Crude Price Movements

• 🔥 WTI Settlement: U.S. crude oil futures settle down 5.3% to $93.50 a barrel as Iran lets some tankers through the Strait...

• Price swings: WTI settles down 5.3% at $93.50/bbl on tanker signals; Brent nears $100 amid flows choke.
• Extreme risks: 20% global oil/gas at...

• Higher WTI prices potentially expected, with targets & key levels outlined
• Applies Elliott Wave analysis to commodities like crude oil
• Ideal for...

Trend alert: Middle East/Iran war drives sharp crude/refined surges, amplifying trading volatility.

• WTI rockets 35.6% in a week—one of decades'...

• Pre-closure flows: 14.7M bpd crude + 4.8M refined through strait (~1/5 global)
• ME Gulf exports: Down at least 60% amid Hormuz closure
• Iran...

Intraday swings in oil prices around $100/bbl on Monday:

• Held above $100 as Strait of Hormuz stays closed to through traffic.
• WTI falls from highs...

Iran/Hormuz risks widen 2026 Brent forecasts – key for portfolio stress-tests:

• BofA base case: Avg $77.50/bbl, up from $61 on disruptions
• Wolf...

Major retail hikes amid Middle East supply tensions – 9th straight week:

• Gasoline: +P12.90-P16.60/L (e.g., Shell P16.60, Petron/Flying V P12.90)
  -...

• Elliott Wave technical analysis highlights WTI's current price structure
• Identifies critical support and resistance zones for setups
• Covers mid- to long-term scenarios plus short-term insights in volatile context

Crude Price Movements

• 🔥 Brent Climbs Past $100: Brent crude climbed about $2 to roughly $105 a barrel in early trading after gaining nearly $3...

• Aramco port warning: Saudi buyers get letter unsure of April export ports (Red Sea or Gulf) as Iran shuts Hormuz, halting 20% global oil/LNG.
  -...

Geopolitical risk premium drives sharp rises:

• Brent/WTI climb past $100, hit 2022 highs as Iran war disrupts Hormuz shipping
• Goldman Sachs hikes...

• Pullback from $102.63 high now eyes 38.2% Fib at $98.40 (near current $98.82), with trendline confluence signaling buyer defense.
• Deeper levels:...

Key updates ahead of policy talks:

• OPEC+ virtual meeting scheduled for June.
• OPEC's 12 members: Algeria, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya (plus others in OPEC+).