Crude Oil Explosion: WTI Spikes to $107.11 on Extended Blockade Commitment
Wednesday, April 29, 2026. WTI closes $107.11 (+7.19% or +$7.18), open $99.41, high $107.65. Trump rejects Iran deal, prepares extended blockade. Henry Hub $2.64 (-1.92%), down 8.58% monthly. EIA: commercial crude -6.2M to 459.5M, distillate -11% below avg, refinery util 89.6%. Downside $70-75 if deal, upside $120-150 if blockade holds. Trade the data.
