CIR Afternoon Update — April 21, 2026
WTI slides 4.7% to $90.22 as Hormuz shipping halts to near-zero; Rosneft and Tuapse refineries offline; demand-destruction fears dominate despite acute supply disruptions.
CIR Research Desk
CIR Morning Brief — Tuesday, April 21, 2026
WTI $87.48 | Brent $90.68 | HH $2.67 — Devon-Coterra pro forma filed ($66.7B combined assets), WTI pullback from $114 spike continues, AI/data center gas demand deepens.
CIR Afternoon Update — April 20, 2026
WTI crude plunged $5.40 (5.9%) to $85.89 on Monday, April 20, extending last week's softness as a combination of geopolitical relief and macro pressure weighed on global oil benchmarks. Brent slipped $0.65 to $94.28 — a narrowing spread that reflects U.S.-specific selling
CIR Morning Brief — Monday, April 20, 2026
WTI $87.25 | Brent $94.73 | HH $2.73 — Iran tensions persist, CVX Q1 pre-release: 3.8-3.9 MMboe/d production, Waha basis hits record -$9.53, Q1 earnings season opens.
CIR Afternoon Update — April 17, 2026
Crude oil prices suffered one of their steepest single-session drops in years on Friday afternoon as Iran's announcement that the Strait of Hormuz is open to commercial shipping triggered a massive wave of long-side liquidation across energy markets.
Hormuz Declared Open — WTI Crashes Nearly 10%
According to OilPrice.
CIR Morning Brief — Friday, April 17, 2026
WTI at $87.79 | Brent at $96.30 | Henry Hub $2.68/MMBtu — Week in Review: Hormuz blockade, $114 WTI spike, ceasefire pullback. Production services sector pulse + week wrap.
CIR Afternoon Update — April 16, 2026
U.S. crude oil surged Thursday after diplomatic signals out of Washington suggested the months-long Iran standoff may be approaching a negotiated exit. According to Hart Energy, WTI settled up 3.72% at $94.69/bbl and Brent closed at $99.39/bbl, up 4.7% on the day — the