Oil Market Snapshot — Sun, 07 Jun 2026 02:00 UTC
Published 2026-06-07 02:05
Brent Crude leads commodities this hour, surging 5.57% to $100.5/barrel, with WTI Crude (the one listed at $101.7) following at +5.31% amid the ongoing closure of the Strait of Hormuz. Iran launched missiles and drones toward the crucial shipping lane, as confirmed by U.S. military statements. While the Disruption Index remains unchanged at 99, the immediate impact on global oil supply routes is significant. Another WTI Crude listing, at $90.54, showed a 2.69% decline. Brent Crude (the one at $92.87) also saw a minor decrease of 0.33%. LNG experienced a marginal 0.52% drop to 48.5 EUR/MWh. Geopolitical tensions in the Middle East will continue to dictate crude price trajectory.
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 | 92.87 USD/barrel | -0.33 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- LNG: % —
- Brent 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?
- Iran launched missiles and drones toward Strait of Hormuz, U.S. military says
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.