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ProCap Insights · April 6, 2026

3 Stocks Winning From Both the Iran Oil Shock and Supreme Court Tariff Refunds

The WTI futures curve prices May oil at $98.62 and December at $74.49, a 41.4 percent backwardation from front to back that is the widest since the 2022 Russia shock. Wall Street sold energy stocks on the April 8 ceasefire as if the shock is over, but the futures curve did not move.

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