https://www.instagram.com/vanessaclarkipaiThis is your Crude Oil podcast.Hey everyone, welcome back to 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 as we kick off this new week and month.Right now, Brent crude is sitting at about $107.80 a barrel, down a slight 0.39 percent, while WTI is at $101.30, off by 0.65 percent. These dips come after some wild swings, with Brent briefly hitting a four-year high above $126 just days ago amid fears over the Strait of Hormuz disruptions. But prices eased back as President Trump announced Project Freedom, where the US starts guiding stranded neutral ships out of the strait today. That's sparking some optimism for smoother tanker traffic.Iran's reviewing a US response to their proposal, hinting at possible diplomacy, and US oil inventories hit a one-month high for the second week. Venezuela's exports jumped 14 percent in April, the highest in seven years. Plus, OPEC+ confirmed they'll bump production quotas by 188,000 barrels per day in June, adding bearish pressure on prices.Gasoline's feeling the heat too, with US averages at $4.30 a gallon, the highest in four years. Keep an eye on these geopolitical moves and supply news, as they could swing things fast.That's your quick tracker update, friends. Practical tip: If you're trading or budgeting fuel, watch for any Hormuz breakthroughs or OPEC tweaks. Thanks for tuning in, subscribe for daily insights, and catch you next time!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 AIThis episode includes AI-generated content.

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