Oil Market Snapshot — Mon, 08 Jun 2026 07:00 UTC
Published 2026-06-08 07:05
Brent Crude Oil surged 5.57% to $100.5/barrel, with WTI Crude up 5.31% to $101.7/barrel, driven by the US interception of Iranian drones and missiles near the Strait of Hormuz. This incident, maintaining a "partial" status for the critical choke point, kept the Disruption Index at 99. Methanol plummeted 6.15%. Sulfur saw a modest gain of 2.26%. Petrochemicals remained flat. No new headlines were reported in the last hour. The geopolitical tension around the Strait of Hormuz will continue to define market sentiment.
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.