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WTI crude settled near $102 on Friday in thin trading as US-Iran peace negotiations stalled but remained alive. Futures still posted a second straight weekly gain, finishing up roughly 8% on the week.
Uncertainty over future supply has produced sharp swings and depressed volumes.
Crude remains elevated because the Strait of Hormuz disruption keeps supply uncertain, which raises diesel and fertilizer costs for feed producers. Price direction depends on whether peace talks progress.
bloomberg.comRob Verdonck, Grant Smith, Mia GindisApr 30, 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.
