Oil Market Snapshot — Sun, 07 Jun 2026 22:00 UTC
Published 2026-06-07 22:05
Brent Crude advanced to $100.5/barrel, a 5.57% surge. Concurrently, WTI Crude futures jumped 5.31% to $101.7/barrel. This dramatic upward price action follows the closure of the Strait of Hormuz after US forces intercepted two Iranian attack drones. The Disruption Index remains at 99, unchanged from its previous reading, reflecting sustained high geopolitical risk. Both WTI Crude at $90.54/barrel (-2.69%) and Brent Crude at $93.09/barrel (-2.04%) showed declines over the full 24-hour period, indicating the surge is a recent, sharp reversal. LNG prices edged down 0.52% to 48.5 EUR/MWh. The Strait of Hormuz closure is expected to maintain extreme volatility in oil markets as supply routes remain compromised.
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.