Oil Market Snapshot — Thu, 10 Sep 2026 21:00 UTC
Published 2026-09-10 21:05
Global oil markets surged dramatically, with WTI Crude reaching $102.05/barrel (+6.25%) and Brent Crude hitting $107.24/barrel (+5.96%), driven by severe disruption in the Strait of Hormuz. The "partial" status and "US-Iran Conflict Escalates" headline indicate a critical supply bottleneck, underpinning the substantial price increase observed over the last 24 hours. WTI Crude Oil and Brent Crude Oil also posted significant gains, up 5.31% to $101.7/barrel and 5.57% to $100.5/barrel, respectively. The Disruption Index remains elevated at 99, unchanged from its prior reading, reflecting ongoing geopolitical tensions. LNG saw a minor dip, down 1.11% to 83.06 EUR/MWh, likely overshadowed by crude's volatility. Markets anticipate further upside pressure on oil prices as Strait of Hormuz issues persist.
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.