Oil Market Snapshot — Mon, 08 Jun 2026 02:00 UTC
Published 2026-06-08 02:05
Brent Crude is trading at $100.5/barrel, a 24-hour increase of 5.57%, while WTI Crude Oil reached $101.7/barrel, up 5.31%. This surge follows the confirmed closure of the Strait of Hormuz, with the U.S. military reporting Iranian missile and drone launches towards the critical chokepoint. The Disruption Index remains elevated at 99, unchanged from its prior reading, reflecting sustained market anxiety. Fertilizer prices rose slightly to $419/MT (+0.60%), whereas LNG saw a minor dip to $48.5 EUR/MWh (-0.52%). Another Brent Crude contract, possibly a different future, shows a slight decline at $92.78/barrel (-0.33%), indicating potential contract-specific volatility. The sustained closure of the Strait portends continued upward pressure on oil benchmarks.
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 |
| Brent Crude | 92.78 USD/barrel | -0.33 |
| WTI Crude | 90.25 USD/barrel | -0.32 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Fertilizer: % —
- 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.