Oil Market Snapshot — Fri, 11 Sep 2026 14:00 UTC
Published 2026-09-11 14:05
The Strait of Hormuz closure remains the dominant market factor, driving the Disruption Index to an unprecedented 998. Brent Crude Oil surged 5.57% to $100.5/barrel, while WTI Crude Oil rose 5.31% to $101.7/barrel in the last 24 hours. These gains reflect acute supply fears, particularly as Gulf Ministers prepare to meet Iran for a potential deal. Earlier price references show a Brent Crude price of $104.07, down 3.31%, and WTI at $100.05, down 2.40%, indicating extreme volatility over different measurement periods. LNG prices also fell 2.84% to 83.06 EUR/MWh, potentially signaling a shift away from gas in favor of crude amidst the choke point. No new headlines emerged in the past hour. Diplomatic efforts will dictate near-term oil supply stability.
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 | 104.07 USD/barrel | -3.31 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- LNG: % —
- WTI 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?
- Strait of Hormuz Closed; Gulf Ministers to Meet Iran for Deal
- What is the Disruption Index?
- Currently 998, up 899 vs prior reading.