Oil Market Snapshot — Fri, 11 Sep 2026 01:00 UTC
Published 2026-09-11 01:05
Oil prices surged dramatically this hour, with WTI Crude reaching $102.48/barrel (+6.69%) and Brent Crude at $107.63/barrel (+6.34%) as the Strait of Hormuz remains closed due to escalating US-Iran conflict. This disruption, reflected in a stable Disruption Index of 99, signifies persistent supply concerns. The closure, now extending beyond previous expectations, is the primary catalyst for the substantial 24-hour gains seen across the crude benchmarks. WTI Crude Oil and Brent Crude Oil futures also posted strong increases, up 5.31% to $101.7/barrel and 5.57% to $100.5/barrel respectively. LNG saw a more modest rise of 2.63%. With no new headlines this hour, the market continues to price in the severe supply implications. Further closure of the Strait of Hormuz will sustain extreme volatility.
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 |
| VLCC tanker freight | 800000 USD/day | 0 |
| Brent Crude | 107.63 USD/barrel | 6.34 |
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 +6.69% move.
- What is the current Strait of Hormuz status?
- Oil prices surge as Strait of Hormuz remains closed amid US-Iran conflict
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.