Oil Market Snapshot — Sat, 09 May 2026 02:00 UTC
Published 2026-05-09 02:05
Brent Crude leads the market, surging 5.57% to $100.5/barrel, with WTI Crude following at $101.7/barrel, up 5.31%, despite reports of Iranian tankers transiting the Strait of Hormuz. The Strait officially remains closed due to ongoing US-Iran clashes, supporting crude prices amidst a Disruption Index holding steady at 99. VLCC tanker freight is unchanged at $100,000/day. The discrepancy between reports of tanker transits and the Strait's official status introduces significant market uncertainty, outweighing minor gains in other WTI and Brent benchmarks. Escalating US-Iran tensions continue to dominate the outlook.
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: % —
Related news
- Iranian oil tankers breach US blockade, successfully transiting Strait of Hormuz — Three empty Iranian oil tankers, with a combined capacity of approximately 5 million barrels, successfully bypassed a US Navy blockade and defense line to head towards Iran. This comes after an Iranian oil tanker, "HASNA," was spotted near the Strait of Hormuz 12 hours prior, having been hit by a US F/A-18.
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.