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Market Update

Tight vertical shot looking up at workover/pulling unit mast at dusk — deep blue to amber twilight

CIR Afternoon Update — April 3, 2026

APRIL 3, 2026 — 4:30 PM CT Crude oil markets experienced a historic shock Friday, with WTI futures surging more than $11 per barrel — a move exceeding 11% — as active supply disruptions through the Strait of Hormuz rattled global energy markets. According to OilPrice.com price data, WTI settled near
CIR Research Desk 03 Apr 2026

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