https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Hey friends, welcome back to Daily Crude Oil Price Tracker with Vanessa Clark. Im Vanessa, and today were diving into the latest on crude oil prices, whats driving the market, and some smart tips to help you navigate it all.Right now, Brent crude is trading around 67 dollars per barrel, while West Texas Intermediate or WTI sits at about 63 dollars per barrel. According to recent reports from SunSirs and Oilprice.com, WTI benchmark prices have dipped over one percent this month to 64.63 dollars, with prices tumbling toward a second straight weekly loss as US-Iran tensions ease and demand worries linger. The EIA just raised its 2026 WTI forecast a bit to 53 dollars average but lowered 2027 to 49 dollars, citing higher supply and softer demand growth. Orbex notes support levels near 62 dollars, with resistance up at 66 dollars, so watch for swings if geopolitics heat up again.OPEC sees steady demand at 1.38 million barrels per day this year, but the IEA slashed its outlook to 850 thousand, pointing to a supply surplus in 2026 from non-OPEC producers ramping up. Inventories are building too, per EIA data, adding pressure.Herere a couple actionable takeaways for you. If youre trading or investing, set alerts around those 62 to 66 dollar zones for WTI to catch potential bounces. For everyday folks, with prices softening, its a good time to lock in fuel hedges if you drive a lot or run a business keep an eye on gas stations for dips. Diversify into energy ETFs if you want exposure without picking individual stocks.Thats your crude oil update, friends keep it simple and stay informed. Thanks for tuning in subscribe now so you never miss a beat, and Ill catch you next time on Daily Crude Oil Price Tracker. Take care.For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related