Oil Market Snapshot — Mon, 08 Jun 2026 05:00 UTC
Published 2026-06-08 05:05
Brent crude surged to $100.5/barrel, a 5.57% increase, propelled by acute Middle East tensions. WTI followed, up 5.31% to $101.7/barrel. These significant gains occurred as the US successfully intercepted Iranian drones and missiles near the Strait of Hormuz, maintaining its "partial" status. The Disruption Index held at 99, reflecting sustained geopolitical risk. Methanol experienced a sharp 6.15% decline. These critical developments, absent new headlines within the past hour, indicate a market reacting to ongoing, high-stakes events. Continued geopolitical instability will dictate near-term price action.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| Methanol | USD/MT | -6.15 |
| Sulfur | USD/MT | 2.26 |
| Petrochemicals | USD/ | 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 |
Top movers
- Methanol: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Sulfur: % —
- Petrochemicals: % —
Frequently asked questions
- What moved oil prices this hour?
- Methanol led with a -6.15% move.
- What is the current Strait of Hormuz status?
- US Intercepts Iranian Drones and Missiles Near Strait of Hormuz
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.