April 2026 on the crude market became a month of a transition from outright war-related panic to a regime of partial normalization. Both Brent and WTI began the month still trading the extreme March supply shock, rallied sharply when U.S. rhetoric suggested a longer campaign against Iran, collapsed after the April 8 ceasefire announcement, and then rebuilt a substantial premium as physical flows through the Gulf failed to normalize cleanly. EXECUTIVE SUMMARY April 2026 on the

March 2026 was not a conventional bullish month for crude oil so much as a succession of repricing around one dominant question: how much of the Gulf export system could continue to function once the U.S.-Israeli war on Iran began on February 28 and the Strait of Hormuz shifted from a theoretical chokepoint to a live supply constraint. EXECUTIVE SUMMARY March 2026 was not a conventional bullish month for crude oil so much as a succession of repricing around one dominant que

February 2026 on the oil market has looked less like a clean extension of January’s rally and more like a high-beta consolidation in which the front month crude futures repeatedly repriced the probability of a U.S.–Iran supply shock. EXECUTIVE SUMMARY February 2026 on the oil market has looked less like a clean extension of January’s rally and more like a high-beta consolidation in which the front month crude futures repeatedly repriced the probability of a U.S.–Iran supply

January 2026 crude market performance was defined by a tug-of-war between a structurally comfortable supply narrative , supported by surplus talk tied to Venezuela normalization and broader 2026 balance expectations, and repeated, albeit different “shock absorbers” that kept risk premia alive , such as Iran escalation headlines, Kazakhstan outages, and late-month US winter storm disruptions. EXECUTIVE SUMMARY January 2026 crude market performance was defined by a tug-of-war

December 2025 trading in the crude oil futures unfolded as a dense interaction between macroeconomic reassessment, oil-balance pessimism and episodic geopolitical news shocks, producing large intra-month price swings but only negligible net changes by month end. EXECUTIVE SUMMARY December 2025 trading in the crude oil futures unfolded as a dense interaction between macroeconomic reassessment, oil-balance pessimism and episodic geopolitical news shocks, producing large intra-

Crude oil prices spent November 2025 in a controlled downdraft, characterized more by a steady grind lower than by any single shock, with both Brent and WTI crude futures tracing parallel paths. EXECUTIVE SUMMARY Crude oil prices spent November 2025 in a controlled downdraft, characterized more by a steady grind lower than by any single shock, with both Brent and WTI crude futures tracing parallel paths. This lower repricing took place in response to the accumulation of be

The dynamic of crude oil market in October 2025 was driven by the combined weight of a persistent oversupply narrative, deteriorating demand expectations, and intermittent bursts of geopolitical tension that briefly arrested the decline but failed to reverse the fundamental weakness. EXECUTIVE SUMMARY The dynamic of crude oil market in October 2025 was driven by the combined weight of a persistent oversupply narrative, deteriorating demand expectations, and intermittent bur

In September 2025, crude oil markets traded in a tight range, with ICE Brent front-month future oscillating between $65–70 per barrel bbl...

Brent and WTI crude futures both ended August 2025 notably weaker, pressured by rising supply expectations and softening demand outlooks,...

Both Brent and WTI crude oil futures finished July 2025 higher than end-June levels, with Brent up roughly 4.3% month-to-date and WTI...

Crude oil markets demonstrated exceptional volatility in June 2025 driven predominantly by geopolitical tensions in the Middle East. ...

In May 2025, global crude oil markets experienced a volatile but moderately bullish month, driven by a tug-of-war between mounting...

The global crude oil market rubbed in April 2025 through one of its most turbulent months in recent years, experiencing a sharp selloff,...

Crude oil prices experienced a month of notable volatility in March 2025, shaped by a shifting balance between bearish macroeconomic...

February 2025 saw a pronounced selloff in crude oil prices, with ICE Brent and NYMEX WTI front-month future contracts retreating sharply...

Crude oil prices in January 2025 exhibited a classic push-and-pull dynamic, where supply constraints and geopolitical risks were...

In December 2024, Brent and WTI crude oil prices showed modest fluctuations , with the ICE Brent front-month future ending the month...

November 2024 became another month marked by significant volatility but no sustained trend in crude oil prices , with both ICE Brent and...

The crude oil market continued to experience significant volatility in October 2024, although the overall price performance over the...

Crude oil prices were marked by significant volatility in September 2024. Both Brent and WTI benchmarks started the month under heavy...