Oil Market Snapshot — Thu, 10 Sep 2026 20:00 UTC
Published 2026-09-10 20:05
Oil markets surged as the Strait of Hormuz remained "partial" due to escalating US-Iran conflict, severely disrupting tanker traffic. WTI Crude led gains, settling at $102.05/barrel, a 6.25% increase over 24 hours. Brent Crude followed closely, rising 5.96% to $107.24/barrel. The disruption directly underpinned these significant price spikes, pushing both benchmarks well into triple digits. WTI Crude Oil and Brent Crude Oil futures contracts also saw robust gains of 5.31% to $101.70/barrel and 5.57% to $100.50/barrel, respectively. In contrast, LNG prices dipped slightly by 1.11% to 83.06 EUR/MWh. The Disruption Index held steady at 99. Continued geopolitical tensions in the Middle East will dictate near-term price trajectory.
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 | 107.24 USD/barrel | 5.96 |
Top movers
- WTI Crude: % —
- Brent Crude: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- LNG: % —
Frequently asked questions
- What moved oil prices this hour?
- WTI Crude led with a +6.25% move.
- What is the current Strait of Hormuz status?
- US-Iran Conflict Escalates, Strait of Hormuz Severely Disrupted, Oil Prices Soar
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.