https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Hey friends, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. Today, were diving into the wild ride of crude oil prices and the big news shaking up the markets.Right now, WTI crude oil is trading around 98 dollars per barrel, up about 4 to 5 percent from yesterday, while Brent crude is hovering near 111 dollars per barrel, also climbing strong according to Trading Economics and recent market updates from Reuters and Business Insider. Thats a huge jump, with WTI up nearly 40 percent over the past month and over 43 percent from last year, and Brent even higher at 44 percent monthly and 54 percent yearly.The main driver is the ongoing crisis in the Strait of Hormuz, closed since late February after US and Israeli strikes on Iran, cutting off about 20 million barrels a day, or 20 percent of global seaborne oil flow. FXLeaders reports Iran rejected direct US peace talks, sparking this latest surge and fears of prolonged supply disruptions. President Trump extended the deadline for a deal by 10 days, and while some tankers passed through as a gesture, the International Energy Agency calls this the biggest supply shock ever, worse than the 1970s crises. US stockpiles are at multi-year lows, and OPEC plus wont boost output until later this year.Goldman Sachs sees Brent averaging 110 dollars through spring, and if the strait stays shut longer, prices could push even higher toward 100 dollars for WTI.For you listeners, heres your takeaway: with gas prices likely rising, fill up now if you can, watch your driving to save on fuel, and consider locking in energy costs for your home or business. Stay informed on these geopolitical twists, as they directly hit your wallet.Thanks for tuning in, friends. Subscribe, share with a buddy, and catch you next time on 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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