WTI Prices

03-04-2026 - Over the past month, the price of WTI crude oil has experienced a substantial increase, climbing from $74.56 per barrel to $111.54 per barrel. This sharp rise highlights increased market volatility and potential supply concerns, affecting the valuation of this raw material. The forecast anticipates a further price increase to $116.27 per barrel, representing a $4.73 per barrel or 4.2% rise, suggesting continued upward pressure and potential risks due to market volatility.

Current market data indicates upward price pressure on raw materials, influenced by factors such as Seaborne Imports & Exports and Exchange Rates, contributing a $5.47 per barrel impact. However, technical data presents a potential downward trend, resulting in a mixed market outlook.

As of April 2, 2026, WTI crude oil spot prices have surged above $111 per barrel, marking an 11% daily gain and a 50% increase over the past month. This significant rise aligns with the forecast of increasing prices. Geopolitical factors, particularly disruptions in the Strait of Hormuz, have led to reduced Middle East petroleum shipments and regional production amid escalating tensions. These supply constraints are contributing to the upward pressure on prices, supporting the anticipated increase.

In summary, recent market performance and geopolitical developments confirm the forecast of an upward trend in WTI crude oil prices over the next month.