https://www.instagram.com/vanessaclarkipaiThis is your Crude Oil podcast.Hey everyone, welcome back to the Daily Crude Oil Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the wild ride of crude oil prices amid escalating Middle East tensions.Right now, West Texas Intermediate crude is trading around 97 to 100 dollars per barrel, with futures showing a range of 97.62 to 100.40 dollars today. That's up from 114 dollars on April 6th according to FRED data from the St. Louis Fed, but we've seen some swings after a shaky US-Iran ceasefire announcement on April 9th. Prices dipped sharply post-deal—some reports from CNBC Awaaz and Geo News noted drops toward 90 dollars initially—before rebounding with 2.5 percent gains in Asian markets, pushing WTI near 99 dollars and Brent around 96 to 98 dollars.The big story? Ongoing Iran-Saudi clashes are hammering supply. Times of India reports Iran strikes have bled Saudi oil output by 1.3 million barrels per day since the war erupted in late February, hitting pipelines, refineries like SATORP and Ras Tanura, and forcing reroutes via the East-West pipeline. The Strait of Hormuz remains a choke point, trapping cargoes and keeping spot rates premium at 28 to 30 dollars over futures. Riyadh confirmed casualties from recent hits, wiping out 600,000 barrels of capacity and sparking fires at processing plants.Doubts over the ceasefire are fueling the climb toward 100 dollars, with BlackRock's Larry Fink warning prices could hit 150 dollars, risking global recession. Russia is cashing in big on higher revenues despite sanctions, per international reports, while GTA drivers eye gas price drops of 11 cents per liter—but skepticism lingers.Tip for you: If you're budgeting for fuel or investing, watch Gulf exporter moves and Strait logistics closely—volatility means opportunities but brace for spikes. Stay tuned for tomorrow's update.Thanks for listening, friends—subscribe, share, and tune in next time for more on your Daily Crude Oil Price Tracker!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

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