Oil Market Snapshot — Thu, 23 Jul 2026 06:00 UTC
Published 2026-07-23 06:05
Brent Crude Oil futures surged to $100.5/barrel, a 5.57% increase, driven by the complete closure of the Strait of Hormuz. WTI Crude Oil followed suit, reaching $101.7/barrel (+5.31%). The Disruption Index remains at 99, reflecting ongoing supply concerns. This marks a six-week high for oil prices, with market participants anticipating prolonged disruption. LNG prices also saw a marginal rise to 62.87 EUR/MWh (+0.52%). Traders are now keenly watching for any developments regarding the Strait's reopening.
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 | 96.24 USD/barrel | 2.31 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- WTI Crude: % —
- LNG: % —
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?
- Oil prices touch six week high as Strait of Hormuz is 'completely closed'
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.