Oil Market Snapshot — Sat, 09 May 2026 01:00 UTC
Published 2026-05-09 01:05
Brent Crude surged to $100.5/barrel, a 5.57% increase in the last 24 hours, alongside WTI Crude Oil at $101.7/barrel, up 5.31%, reflecting significant market anxiety. The primary driver is the continued closure of the Strait of Hormuz due to ongoing US-Iran clashes, maintaining a Disruption Index at a critical 99. These escalating geopolitical tensions eclipse more modest gains seen in other benchmarks this hour. VLCC tanker freight rates held steady at $100,000/day, indicating no immediate operational shift in available routes. Without a resolution to the Hormuz situation, upward price pressure remains acute.
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.