What will WTI Crude Oil (WTI) hit in May 2026?

The official price of #Oman crude oil for delivery next July reached $103.60 today. #Omani

The closure of the Strait of Hormuz until August will increase the risk of an economic downturn comparable in scale to the Great Recession of 2008, Bloomberg reports, citing data from independent analytics company Rapidan Energy Group. "The current macroeconomic environment is less extreme than in the 1970s or 2007-2008. However, this relatively stronger starting point does not offset the risk that continued oil price shocks will exacerbate financial and macroeconomic vulnerabilities," Rapidan Energy said in a research note. Analysts believe that if the strait opens in July (the baseline scenario), it will lead to a reduction in oil demand by an average of 2.6 million barrels per day, and the spot price of Brent crude will reach about $130 per barrel. RBC Channel in "Max" RBC app for iOS and Android

The closure of the Strait of Hormuz until August will increase the risk of an economic downturn comparable in scale to the Great Recession of 2008, Bloomberg reports, citing data from independent analytics company Rapidan Energy Group. "The current macroeconomic environment is less extreme than in the 1970s or 2007-2008. However, this relatively stronger starting point does not offset the risk that continued oil price shocks will exacerbate financial and macroeconomic vulnerabilities," Rapidan Energy said in a research note. Analysts believe that if the strait opens in July (the baseline scenario), it will lead to a reduction in oil demand by an average of 2.6 million barrels per day, and the spot price of Brent crude will reach about $130 per barrel. RBC Channel in "Max" RBC app for iOS and Android

Commodities 15:45 Crude oil falls for the fourth consecutive day on hopes of an end to the US-Iran conflict; gold rises slightly.

Commodities 15:45 Crude oil falls for the fourth consecutive day on hopes of an end to the US-Iran conflict; gold rises slightly.

Commodities 15:45 Crude oil falls for the fourth consecutive day on hopes of an end to the US-Iran conflict; gold rises slightly.

Commodities 15:45 Crude oil falls for the fourth consecutive day on hopes of an end to the US-Iran conflict; gold rises slightly.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Reuters: Oil prices climb again as investors cast doubt on potential breakthrough in US-Iran talks Brent crude is trading at $104.24 a barrel today, while US West Texas Intermediate is trading at $97.46. Brent is down 4.6% and WTI is down 7.6% for the week, with prices fluctuating sharply due to changing expectations about a peace deal. Markets are closely watching talks between Washington and Tehran. A senior Iranian source told Reuters that the rift in relations with the United States has narrowed, and US Secretary of State Marco Rubio spoke of "some good signs" in the talks, but the countries remain divided over Tehran's uranium stockpile and control of the Strait of Hormuz. According to experts, the full restoration of supplies through the Strait of Hormuz may take until 2027.

Hormuz closure threatens recession rivaling 2008, Rapidan Energy Group says • • Energy advisory firm Rapidan Energy Group is warning that if the Strait of Hormuz remains closed through August, the global economy risks a downturn approaching the scale of the 2008 Great Recession. • • Rapidan’s base case assumes the waterway reopens in July, resulting in an average oil demand reduction of 2.6 million barrels a day and Brent crude peaking near $130 a barrel over the summer. A closure beyond August would deepen the third-quarter supply deficit to roughly 6 million barrels a day as inventories approach critically low levels. • • Oil prices have nearly doubled since late February, when U.S. and Israeli strikes on Iran triggered the blockade. “The current macro setup is less extreme than the 1970s or 2007 to 08,” Rapidan analysts wrote, “but that relatively stronger starting point doesn’t neutralize the risk that continued oil price spikes would exacerbate financial and macroeconomic vulnerabilities.” • • Helima Croft, RBC’s global head of commodity strategy reports ADNOC strategy head said even if Hormuz were to fully open immediately, it would take approximately four months to restore oil flows through the Strait of Hormuz to 80% of pre-war levels

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

Oil prices are "flying" up again after a week of collapse Global oil prices have risen, but remain on track for a weekly decline - all due to uncertainty surrounding US-Iran talks and the blocked Strait of Hormuz. Brent Crude oil futures rose $1.66, or 1.6%, to $104.24 a barrel as of 04:05 GMT. Despite this, Brent fell 4.6% and WTI 7.6% for the week, with prices fluctuating sharply due to changing expectations about a possible peace settlement.

The Dow Jones surged to a record close on Thursday amid hopes of a peace deal between the US and Iran. • • Meanwhile, crude oil prices fell as signs of progress emerged in US-Iran negotiations. • • Trading is high risk. Authorised by CMA. • •

The Dow Jones surged to a record close on Thursday amid hopes of a peace deal between the US and Iran. • • Meanwhile, crude oil prices fell as signs of progress emerged in US-Iran negotiations. • • Trading is high risk. Authorised by CMA. • •

The Dow Jones surged to a record close on Thursday amid hopes of a peace deal between the US and Iran. • • Meanwhile, crude oil prices fell as signs of progress emerged in US-Iran negotiations. • • Trading is high risk. Authorised by CMA. • •

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures rose by $1.11, or 1.2 percent, to $97.46 per barrel. Mean on social networks @mizanplus

Oil prices rose Brent oil futures rose by $1.66, or 1.6%, to $104.24 per barrel. The price of US West Texas Intermediate crude oil futures increased by $1.11, or 1.2 percent, to $97.46 per barrel. isna.ir/xdWrDD @isna94