Oil Market Snapshot — Wed, 22 Jul 2026 11:00 UTC
Published 2026-07-22 11:05
The Strait of Hormuz remains closed following yesterday's tanker attacks, driving Brent Crude Oil to $100.5/barrel, a 5.57% increase over 24 hours. WTI Crude Oil similarly surged 5.31% to $101.7/barrel. This sharp escalation follows yesterday's initial price reaction, with the Disruption Index holding at 99. Brent Crude (specifically the October 2026 contract) gained 2.78% to $93.54/barrel, while WTI Crude (Cushing) rose 2.09% to $86.11/barrel, reflecting continued supply apprehension. VLCC tanker freight rates held steady at $469,000/day. The market anticipates significant geopolitical responses and potential further supply disruptions.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| VLCC tanker freight | 469000 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 |
| Petrochemicals | USD/ | 0 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- WTI Crude: % —
- VLCC tanker freight: % —
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?
- Strait of Hormuz Blocked After Tanker Attacks, Oil Prices Surge
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.