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Oil ended up nearly 3% at $111.26 a barrel, its seventh straight daily gain, while June WTI briefly traded above $100 for the first time since April. The move came as Hormuz disruption outweighed the UAE's exit from OPEC.
Persistent Hormuz disruption keeps energy and transport costs elevated, supporting prices for biofuel feedstocks and raising input costs for feed producers.
reuters.comSiddharth CavaleMay 1, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
