At the time of writing, Brent crude was trading at $114.42 per barrel, down from over $116 per barrel last week but up from around $60 per barrel at the end of 2025. WTI remained above $100 per barrel, despite the dip from Friday’s close, trading at $100.97 per barrel, down from a 2026 high of over $112 in April, but up from less than $60 per barrel at the end of December last year.
U.S. forces have helped Persian Gulf producers move more than 1.5 billion barrels out of the Strait of Hormuz since the Iran war began, Adm. Brad Cooper, the commander of U.S. Central Command (CENTCOM), said during a visit to the Strait of Hormuz on Sunday.
Curious Minds Corner
What is the “oil window”?
The range of temperature and burial conditions in which kerogen primarily generates liquid hydrocarbons.