Oil Market Snapshot — Sun, 07 Jun 2026 20:00 UTC
Published 2026-06-07 20:05
Brent Crude surged 5.57% to $100.5/barrel, with WTI Crude following at $101.7/barrel, up 5.31%, driven by the complete closure of the Strait of Hormuz. The Disruption Index remained at 99 following reports of the US downing two Iranian attack drones, posing a significant threat to international maritime traffic. Earlier in the 24-hour window, less severe market conditions saw WTI Crude decline by 2.69% to $90.54/barrel and Brent Crude drop 2.04% to $93.09/barrel. LNG showed relative stability, down a mere 0.52% to €48.5/MWh. With no new headlines in the past hour, the market is bracing for continued volatility as geopolitical tensions escalate in the Middle East.
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 | 93.09 USD/barrel | -2.04 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent 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?
- US downs two Iranian attack drones threatening int'l maritime traffic in Strait of Hormuz
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.