#oil-prices

#oil-prices

WTI crude front-month futures closed above $111/bbl, the highest closing on record since 2014. Meanwhile, ICE Brent closed above $109/bbl.

Brent crude prices jumped by as much as 8% on Thursday to $109.74 a barrel, reversing Wednesday's drop when hopes of a de-escalation in the Iran war pushed the international benchmark below the $100-a-barrel mark at one point.

KeyBanc's revised oil deck reflects a materially stronger crude environment than previously modeled, with dislocations in global crude and refined products expected to persist into summer.

BlackRock CEO Larry Fink said high oil prices for a sustained period would trigger a 'steep and stark recession' - one that could wipe out nearly $50 billion in ad spend this year and another $44 billion the next.

XRP has had the strongest fundamental setup of any altcoin in 2026—a commodity classification from both the SEC and CFTC, seven ETFs with $1.44 billion in inflows, and major partnerships with Mastercard and Deutsche Bank.

TD Cowen cut its earnings estimates to reflect inflationary pressure from higher prices of oil-based inputs and potentially higher costs for tallow, which are up 40% versus a year ago on the Chicago Mercantile Exchange.

"Oil prices are higher again this morning, but Treasury yields are lower as the risks to economic growth begin to take precedence over the risks to inflation," Oxford Economics said in a note on Monday.

"If these other guys make the same mistakes they made six years ago, and if the forecast about $175 per barrel is right, you'll see airlines not survive," said United CEO Scott Kirby, highlighting the dire implications of rising oil prices on the aviation sector.

VDE is a pure-play on the U.S. energy sector, tracking the MSCI U.S. Investable Market Energy 25/50 Index and holding over 100 companies across the energy supply chain.