https://www.instagram.com/vanessaclarkipaiThis is your Crude Oil podcast.Hey everyone, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on crude oil prices amid all the global drama.As of yesterday morning at 9 a.m. Eastern Time, Brent crude—the global benchmark—is sitting at $101.14 per barrel, up a whopping $4.82 from the day before and about $33 higher than this time last year, according to Fortune. WTI, the U.S. benchmark, is trading around $94 to $97 in recent sessions, with FRED data showing it at $91.06 on April 20th. That's Brent for June delivery hitting $101.40, as OilPrice.com reports, fueled by a 3% rally.The big driver? Escalating US-Iran tensions. Iran's Revolutionary Guard seized vessels in the Strait of Hormuz, forcing Gulf producers to cut output by 25% to 80%, per StanChart analysts. Even with a fragile US-Iran ceasefire extension, shadow fleets are sneaking oil through, as Times of India notes, keeping supply tight. A false alarm explosion in Tehran spiked WTI 5% early today before pulling back, says MarketPulse. StanChart sees $95 as the new equilibrium, with prices staying $10 to $20 higher long-term due to strategic buying and logistics snarls.This backwardation in futures—spot prices above later contracts—signals near-term shortages. Europe's feeling it too, with Germany's Schwedt refinery hit by supply cuts from Kazakhstan amid Hormuz issues.What does this mean for you? Higher gas prices at the pump, potential airline ticket hikes from pricier kerosene, and watch for mean reversion if tensions ease—WTI could dip toward $90 or even $86. Stay diversified, track headlines, and hedge if you're trading.Thanks for tuning in, friends—subscribe, hit that bell, 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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