Oil Market Snapshot — Fri, 08 May 2026 13:00 UTC
Published 2026-05-08 13:05
Brent Crude spiked to $100.50/barrel (+5.57%) and WTI to $101.70/barrel (+5.31%) as the Strait of Hormuz remains closed due to escalating US-Iran clashes. This disruption has driven the Disruption Index to 99, unchanged from its prior reading but confirming severe supply constraints. LNG prices also rose to 44.42 EUR/MWh (+1.98%). The broader market reflects acute supply apprehension. Crude futures are now firmly above $100.00/barrel, sustained by geopolitical risk. The immediate focus remains on de-escalation; prices will remain elevated otherwise.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| Brent Crude Oil | 100.5 USD/barrel | 5.57 |
| WTI Crude Oil | 101.7 USD/barrel | 5.31 |
| LNG Europe spot price | 0 EUR/MWh | 0 |
| Urea fertilizer spot price | 0 USD/MT | 0 |
| Methanol spot price | 0 USD/MT | 0 |
| Sulfur spot price | 0 USD/MT | 0 |
| Aluminium LME spot price | 0 USD/MT | 0 |
| VLCC tanker freight rate | 0 USD/day | 0 |
| Petrochemicals | USD/ | 0 |
| Brent Crude | 100.55 USD/barrel | 0.49 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- LNG: % —
- Brent Crude: % —
- WTI Crude: % —
Frequently asked questions
- What moved oil prices this hour?
- Brent Crude Oil led with a +5.57% move.
- What is the current Strait of Hormuz status?
- US-Iran clashes escalate, Strait of Hormuz remains closed
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.