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WTI crude traded a few cents below $91.00 on Friday, retreating from a high of $92.64 on Thursday. Reports that Gulf oil exports had risen eased supply concerns, while a US carrier deployment to the region and a tanker hit near Hormuz limited the pullback.
Improved Gulf export flows ease the supply risk premium, which modestly reduces energy and diesel costs for feed logistics, though Hormuz incidents keep a floor under prices.
fxstreet.comGuillermo AlcalaMar 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.
