Oil Market Snapshot — Wed, 22 Jul 2026 08:00 UTC
Published 2026-07-22 08:05
Brent Crude oil surged to $100.5/barrel, a 5.57% increase, and WTI Crude followed, hitting $101.7/barrel, up 5.31%, reflecting a critically unstable market. The Strait of Hormuz remains closed following tanker attacks, exacerbating supply fears. The Caspian Pipeline Consortium also halted oil loadings due to drone strikes on tankers, removing further supply. These events pushed the Disruption Index to 99, unchanged from its prior reading. Despite the FXStreet headline noting WTI near $85, actual prices far exceeded this. Extremely large crude tankers (VLCCs) saw freight rates remain flat at $469,000/day, possibly due to a lack of available transit routes. Continued geopolitical instability points to sustained upward pressure on crude prices.
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: % —
Related news
- WTI crude nears $85 as Middle East tensions disrupt global oil supplies — West Texas Intermediate (WTI) crude is trading near $84.90, supported by rising tensions in the Middle East that fuel fears of further disruptions to global oil supplies and international trade. Concerns over potential supply disruptions are growing as shipping traffic through the vital Strait of Hormuz has essentially halted.
- Caspian Pipeline Consortium halts oil loadings after drone attacks on tankers — The Caspian Pipeline Consortium (CPC) has suspended oil loadings at its Black Sea terminal following drone attacks on two tankers. The incident, which occurred on July 19, involved tankers ASIA and NISSOS IOS, with the ASIA experiencing a fire, though no oil spills or casualties were reported.
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.