Oil Market Snapshot — Sat, 09 May 2026 00:00 UTC
Published 2026-05-09 00:05
Brent Crude Oil surged 5.57% to $100.50/barrel in the past 24 hours, alongside WTI Crude's 5.31% increase to $101.70/barrel, driven by the ongoing closure of the Strait of Hormuz due to US-Iran clashes. This critical chokepoint remains shut, maintaining a Disruption Index at 99. The significant upward price movement contrasts with the more modest gains seen in WTI Crude at $95.26/barrel (+1.17%) and Brent Crude at $100.57/barrel (+0.19%) within the last reading. VLCC tanker freight rates held steady at $100,000/day. The persistent geopolitical tension in the Middle East continues to dictate oil market direction.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| VLCC tanker freight | 100000 USD/day | 0 |
| 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 |
| Brent Crude | 100.57 USD/barrel | 0.19 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent Crude: % —
- VLCC tanker freight: % —
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 Continue, Strait of Hormuz Remains Closed
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.