{"id":48893,"date":"2026-04-23T12:51:59","date_gmt":"2026-04-23T12:51:59","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=48893"},"modified":"2026-04-23T12:52:05","modified_gmt":"2026-04-23T12:52:05","slug":"crude-climbs-on-ceasefire-uncertainty-and-contract-expiration","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/","title":{"rendered":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration"},"content":{"rendered":"<p><strong>Recap<\/strong>:&nbsp; The oil market traded higher on Wednesday as the market weighed the indefinite extension of the ceasefire by the U.S. against the continuing halt of shipping traffic through the Strait of Hormuz and the reports of gunfire attacks on ships in the waterway. The market traded sideways in overnight trading, posting a low of $87.64 after President Donald Trump announced that he was extending the ceasefire with Iran, hours before its expiry, to allow talks to continue to end the war. However, the market bounced off its low as the announcement appeared to be unilateral and it was unclear whether Iran or Israel would agree to extend the ceasefire. The market remained supported by reports that at least three container ships were hit by gunfire in the Strait of Hormuz and on reports that Iran seized two ships for maritime violations on Wednesday. The June WTI contract in its first session as the spot contract traded to a high of $93.73 in afternoon trading amid unexpected distillate and gasoline stocks draws of over 3 and 4 million barrels, respectively, while crude stocks built by 1.9 million barrels on the week. The oil market later erased some of its gains ahead of the close. The June WTI contract settled up 83 cents at $92.96 and the June Brent contract settled up $3.43 at $101.91. The product market, which were well supported by the draws in product stocks, settled higher, with the heating oil market settling up 20.91 cents at $3.9379 and the RB market settling up 14.81 cents at $3.3579.<\/p>\n\n\n\n<p><strong>Technical Analysis<\/strong>:&nbsp; The crude market will remain headline driven as it awaits to see whether Iran will agree to the extension of the ceasefire as the two countries remain divided on the ceasefire and blockade of the Strait of Hormuz. Iran has remained defiant and has stated that reopening the strait is impossible amid the breach of the ceasefire. It will have to be seen how long the ceasefire continues to hold with no sign of peace talks restarting. The crude market is seen finding support at $87.64, $85.50, $85.45 followed by $78.97, $73.56, $72.69 and $71.95. Meanwhile, resistance is seen at $93.73, $96.93, $101.17 and $104.34.&nbsp;<\/p>\n\n\n\n<p><strong>Fundamental News<\/strong>:&nbsp; The EIA reported that U.S. crude stocks increased while gasoline and distillate inventories fell last week as supply disruptions tied to the Iran war drove total exports to record levels. Crude inventories increased by 1.9 million barrels to 465.7 million barrels in the week ended April 17<sup>th<\/sup>. Total exports of crude oil and petroleum products increased by 137,000 bpd to a record 12.88 million bpd, while exports of refined products increased by 564,000 bpd to 8.08 million bpd.<\/p>\n\n\n\n<p>A crude oil spill was reported at Chevron&#8217;s 118,750 bpd Pasadena refinery in Texas. The release occurred at the Red Bluff tank farm and that no community or offsite impacts were observed.<\/p>\n\n\n\n<p>BP said it has reached out to the United Steelworkers union twice to resume labor negotiations at its Whiting refinery and has yet to receive a formal response. The company said it is ready to resume bargaining.<\/p>\n\n\n\n<p>Russia\u2019s Deputy Prime Minister, Alexander Novak, said Russia will divert oil supplies from Kazakhstan previously intended for Germany via the Druzhba pipeline to other routes starting from May 1<sup>st<\/sup>. He said the logistical change was due to &#8220;technical possibilities&#8221; and had been agreed with Kazakhstan. Earlier, Kazakhstan&#8217;s Energy Minister said that no Kazakh oil was scheduled to flow via Russia&#8217;s Druzhba pipeline to Germany in May, a disruption he said had likely been caused by Ukrainian drone strikes.<\/p>\n\n\n\n<p>Russian oil flowed through the Ukrainian section of the Druzhba pipeline on Wednesday after a halt lasting months. Repair work on the Druzhba Pipeline was completed and force majeure conditions in effect since January 27<sup>th<\/sup> ended on Tuesday evening.<\/p>\n\n\n\n<p><strong>Early<\/strong><strong> Market Call &#8211; as of 8:35 AM EDT<\/strong><\/p>\n\n\n\n<p><strong>WTI &#8211; June $92.58, down 29 cents<\/strong><\/p>\n\n\n\n<p><strong>RBOB &#8211; May $3.3405, down 1.69 cents <\/strong><\/p>\n\n\n\n<p><strong>HO &#8211; May $3.8251, down 10.79 cents<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Recap:&nbsp; The oil market traded higher on Wednesday as the market weighed the indefinite extension of the ceasefire by the U.S. against the continuing halt of shipping traffic through the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":47409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,23,20,1],"tags":[],"class_list":["post-48893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crude","category-gasoline","category-heating-oil","category-market-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Crude Climbs on Ceasefire Uncertainty and Contract Expiration - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crude Climbs on Ceasefire Uncertainty and Contract Expiration\" \/>\n<meta property=\"og:description\" content=\"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T12:51:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-23T12:52:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emily Beckett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Beckett\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/\"},\"author\":{\"name\":\"Emily Beckett\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"headline\":\"Crude Climbs on Ceasefire Uncertainty and Contract Expiration\",\"datePublished\":\"2026-04-23T12:51:59+00:00\",\"dateModified\":\"2026-04-23T12:52:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/\"},\"wordCount\":643,\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/10-1.png\",\"articleSection\":[\"Crude\",\"Gasoline\",\"Heating Oil\",\"Market Insights\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/\",\"name\":\"Crude Climbs on Ceasefire Uncertainty and Contract Expiration - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/10-1.png\",\"datePublished\":\"2026-04-23T12:51:59+00:00\",\"dateModified\":\"2026-04-23T12:52:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"description\":\"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/10-1.png\",\"contentUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/10-1.png\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crude Climbs on Ceasefire Uncertainty and Contract Expiration\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\",\"name\":\"Emily Beckett\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"caption\":\"Emily Beckett\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/ebeckett\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration - Sprague Energy","description":"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/","og_locale":"fr_CA","og_type":"article","og_title":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration","og_description":"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.","og_url":"https:\/\/www.spragueenergy.com\/fr\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/","og_site_name":"Sprague Energy","article_published_time":"2026-04-23T12:51:59+00:00","article_modified_time":"2026-04-23T12:52:05+00:00","og_image":[{"width":250,"height":250,"url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png","type":"image\/png"}],"author":"Emily Beckett","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Emily Beckett","Estimation du temps de lecture":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/"},"author":{"name":"Emily Beckett","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"headline":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration","datePublished":"2026-04-23T12:51:59+00:00","dateModified":"2026-04-23T12:52:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/"},"wordCount":643,"image":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png","articleSection":["Crude","Gasoline","Heating Oil","Market Insights"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/","url":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/","name":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#primaryimage"},"image":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png","datePublished":"2026-04-23T12:51:59+00:00","dateModified":"2026-04-23T12:52:05+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"description":"Explore the latest developments in the oil market as the ceasefire extension impacts trade dynamics in the Strait of Hormuz.","breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#primaryimage","url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png","contentUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/10-1.png","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/crude-climbs-on-ceasefire-uncertainty-and-contract-expiration\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"Crude Climbs on Ceasefire Uncertainty and Contract Expiration"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9","name":"Emily Beckett","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","caption":"Emily Beckett"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/ebeckett\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/48893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=48893"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/48893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media\/47409"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=48893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=48893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=48893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}