Crude Surges to $97 on Strait Closure, Gas Capitulates on Shoulder Season
Friday, April 24, 2026. WTI opens $92, surges to $97 (+$7.74 week). Inverted head and shoulders bullish setup. Strait of Hormuz near-zero traffic. Iran's "Tehran Tollbooth" demands $2M per vessel. Hen...
24 Apr 3min
EIA Inventory Miss: Crude Rallies on Geopolitical Risk, Not Fundamentals
Thursday, April 23, 2026. WTI surges to $97.19, settles $94.49 (+1.65%). EIA crude inventories +1.9M (expected -1.2M). Strait of Hormuz closed. Iran renewed vessel attacks. Negotiations stalled. Gas f...
23 Apr 2min
Blockade Holds: Crude Caught Between Diplomacy and Supply Destruction
Wednesday, April 22, 2026. Trump extends ceasefire indefinitely. Blockade remains. Iran's parliament calls for military escalation. API crude draw beats expectations. Gas forward curve steep on LNG de...
22 Apr 2min
Peace Talks Collapse: Crude Slips as Iran Escalates
Tuesday, April 21, 2026. WTI slips 1.5% to $88 on mixed peace talk signals. Iran signals escalation. Gas storage hits triple-digit excess. Golden Pass LNG exporting first cargo. Trade the data, not th...
21 Apr 2min
Strait of Hormuz Blockade Escalates
Monday, April 20, 2026. Strait of Hormuz traffic down dramatically — only fraction of usual 130 vessels per day. War risk insurance at 3%. Iran firing warning shots, U.S. seized Iranian cargo ship. Tr...
20 Apr 2min
Geographic Spotlight: South Africa
Friday, April 17, 2026. South Africa produces virtually no crude oil. Current output: 550 barrels per day. Imports 95-100% of consumption (~700k bpd). Refining capacity 360k bpd, down from 80% domesti...
17 Apr 2min
Geographic Spotlight: Colorado
Thursday, April 16, 2026. Colorado ranks #6 nationally by barrels of oil equivalent. DJ Basin dominates. Natural gas production 160,855 MMcf (Jan 2026). Proven reserves 1.442 billion barrels. Regulato...
16 Apr 2min
EIA Inventory Shock: Supply Disruption vs. Demand Destruction
Wednesday, April 15, 2026. WTI trading $91-93 range, down from Monday's $104.90. EIA inventory report at 9:30 AM ET. Strait of Hormuz 95% traffic collapse. Henry Hub $2.60. Crude caught between supply...
15 Apr 2min
