Oil Market Snapshot — Sun, 07 Jun 2026 10:00 UTC
Published 2026-06-07 10:05
Brent Crude surged 5.57% to $100.5/barrel, and WTI Crude rose 5.31% to $101.7/barrel, reflecting severe geopolitical tensions in the Strait of Hormuz. US Central Command reported redirecting 127 ships and disabling 6 non-compliant vessels within the Strait, coinciding with US forces shooting down Iranian drones. This escalation registers a "partial" status for the critical shipping lane. The Disruption Index remains at 99, indicating sustained high risk. Conversely, previously reported WTI Crude ($90.54/barrel) fell 2.69%, Brent Crude ($92.78/barrel) dropped 0.33%, and LNG lost 0.52% to €48.5/MWh. Continued instability in the Strait of Hormuz will dictate near-term oil 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 | 92.78 USD/barrel | -0.33 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- LNG: % —
- Brent Crude: % —
Related news
- US Central Command Redirects 127 Ships, Disables 6 Non-Compliant Vessels in Strait of Hormuz — US Central Command has redirected 127 commercial vessels and disabled 6 non-compliant vessels in the Strait of Hormuz. This action highlights ongoing efforts to enforce maritime regulations and manage traffic in the critical waterway amidst regional tensions.
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?
- US forces shoot down Iranian drones in Strait of Hormuz amid escalating tensions
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.