Oil Market Snapshot — Sun, 07 Jun 2026 15:00 UTC
Published 2026-06-07 15:05
Brent Crude surged to $100.5/barrel, a 24-hour increase of 5.57%, while WTI Crude rose to $101.7/barrel, up 5.31%, despite reports earlier today of Brent at $92.78 and WTI at $90.54. This dramatic escalation follows the confirmed closure of the Strait of Hormuz after US forces engaged Iranian drones, driving the Disruption Index to 99, unchanged from its prior reading. LNG traded down slightly to €48.495/MWh (-0.53%). The immediate market reaction reflects profound supply concerns. Geopolitical instability continues to be the dominant price catalyst.
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 | 92.78 USD/barrel | -0.33 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- LNG: % —
- Brent Crude: % —
Related news
- Brent Crude at $92.78, WTI at $90.54 Amid Middle East Volatility — As of June 7, 2026, Brent crude oil is trading at $92.78 per barrel, and West Texas Intermediate (WTI) is at $90.54 per barrel. These live prices reflect ongoing market volatility influenced by geopolitical developments in the Middle East and concerns over global supply.
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 forces shoot down Iranian drones over Strait of Hormuz
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.