WTIWest Texas Intermediate Crude Oil
West Texas Intermediate Crude Oil (WTI) is a NYMEX-listed commodity covered by Valdrans. Last close $92.410, +0.82% on the day; +1.53% over 1 week, -9.64% over 4 weeks, +1.24% over 6 months (prices as of 11 Oct 2026).
- Last close (11 Oct 2026)
- $92.410
- Today
- +0.82%
- 1 week
- +1.53%
- 4 weeks
- -9.64%
- 6 months
- +1.24%
Coverage of WTI(20)
Trump announces Russian diesel supply deal totalling ~13 million barrels
President Trump announced on 9 October 2026 that Russia agreed to supply approximately 13 million barrels of diesel across three tranches to US and global markets; Australia reaffirmed its ban on Russian fuel imports the following day.
Houthi strikes on Riyadh and Bab el-Mandeb reported; Brent, WTI under pressure
Houthi attacks on Saudi targets near the Bab el-Mandeb Strait and missile strikes on Riyadh were reported on 8 October 2026, with Bloomberg Markets citing upward pressure on oil prices; Riyadh's airport operations were disrupted and remote work orders issued in the Saudi capital.
Hurricane Isaias shuts 71% of Gulf of Mexico oil output
Hurricane Isaias curtailed 1.46 million barrels per day of Gulf of Mexico oil production and 1.26 billion cubic feet per day of natural gas by 9 October 2026; approximately 500,000 barrels per day of U.S. refining capacity was reported at risk, with MPC, PSX, and VLO named among affected refinery operators.
Rubio says Iran declined multiple nuclear deal opportunities; no market moves reported
US Secretary of State Marco Rubio stated on 7 October 2026 that Iran had declined multiple opportunities to reach a nuclear agreement. No price movements in any instrument were attributed to the remarks in the source cluster.
Supertanker charter hits $76 million, ten times pre-war levels
A supertanker charter from the US Gulf Coast to China was reported at $76 million on 7 October 2026. A separate report on 8 October 2026 noted Gulf-to-East Asia supertanker day rates reached a record $1.4 million per day.
China and Russia diesel export bans tighten global supply; ULSD and gasoil affected
China banned fuel exports for October 2026 and Russia maintained an ongoing diesel export ban, with the US threatening restrictions on European diesel exports; gasoil and ULSD contracts were reported as directly affected by the combined export restrictions.
RBI raises repo rate 25bps; rupee approaches record lows
The Reserve Bank of India raised its repo rate by 25 basis points on 7 October 2026, its first increase in approximately four years; the rupee weakened following the decision, approaching record lows against the dollar, as the move fell short of trader expectations for more aggressive tightening.
IEA convenes meeting on 100-million-barrel G7 strategic reserve release
The IEA held an informal Governing Board meeting on 7 October 2026 to discuss a coordinated G7 release of 100 million barrels of oil and diesel stocks over four months; the U.S. withdrew threats of a diesel export ban ahead of the action.
Chevron, Shell, BP shut Gulf of Mexico platforms ahead of tropical storm
Chevron, Shell, and BP began evacuating non-essential personnel and halting production at Gulf of Mexico offshore platforms on 7–8 October 2026 as a tropical storm approached; no specific price moves for crude benchmarks were reported in the source material.
EIA confirms 3.2 million barrel US crude draw; oil prices eased
The EIA reported a 3.2 million barrel draw in US commercial crude inventories for the week ending 2 October 2026, bringing stockpiles to 424.1 million barrels. Oil prices eased around the time of the EIA release amid broader market pressures and developments relating to Venezuelan oil export sanctions.
QatarEnergy secures $3 billion five-year loan from four Chinese banks
QatarEnergy obtained a $3 billion five-year loan from Bank of China, ICBC, Agricultural Bank of China, and China Construction Bank (Asia) on 7 October 2026, with sources citing strain on the company's LNG export operations as the commercial context for the financing.
Shell discloses $42/barrel Q3 refining margin, up 75% sequentially
Shell disclosed an indicative Q3 2026 refining margin of $42 per barrel, a 75% sequential rise from $24 per barrel in Q2 2026, surpassing 2022 highs; London-listed shares SHEL were named in connection with the disclosure.
S&P 500, Nasdaq hit record closes as Treasury yields declined
The S&P 500, Nasdaq Composite, and Nasdaq 100 each closed at all-time highs on 6 October 2026, as Treasury yields fell and the Magnificent Seven technology stocks posted gains.
Saudi-backed Yemen government launches full-scale offensive against Houthi forces
Yemen's internationally recognised government launched a comprehensive military campaign targeting all Houthi-controlled areas, as reported on 4–5 October 2026. Saudi Aramco and Equinor were mentioned in connection with the event; no concrete price movements were reported in the source clusters.
Nasdaq composite and Nasdaq 100 closed at record highs on 5 October 2026
The Nasdaq composite (CCMP) and Nasdaq 100 (NDX) reached all-time closing highs on 5 October 2026; the US dollar index (DXY) gained against major currency pairs, Treasury yields rose, and WTI crude oil also rose, attributed to Middle East tensions.
France-Germany 10-year bond spread hits widest level since 1990
The France-Germany 10-year government bond spread reached its widest point in Bloomberg records back to 1990; the euro fell to a 16-month low against sterling and EUR/CHF tested 0.9300 from recent support near 0.9475–0.9480; Societe Generale and Deutsche Bank each declined more than 5% on 7 October.
Aramco CEO: 3 billion barrels lost since Iran war began
Saudi Aramco CEO Amin Nasser stated on 5 October 2026 that the Iran war had removed nearly 3 billion barrels of gross oil supply globally, with over 1 billion barrels drawn from inventories, and that restocking could take up to two years.
Saudi Aramco cuts Asian crude OSP to four-year low, raises European prices
Saudi Aramco set its November Arab Light official selling price for Asian buyers at a $5 per barrel discount to the Dubai/Oman benchmark, the lowest since June 2020, while raising European cargo prices by $3 per barrel. Volatile trading in Brent crude and WTI was reported on 5 October 2026 following the announcement.
EU gas storage falls short; TTF surges amid Hormuz LNG disruption
TTF natural gas benchmark prices rose sharply from early March 2026 as Strait of Hormuz disruptions cut LNG flows to European terminals; tanker traffic through the strait fell to a two-month low with crude and LNG flows declining 27% from wartime peaks to approximately 10.1 million barrels per day.
G7 releases 100 million barrels; WTI falls 4.63%, Brent drops to $98.72
G7 leaders announced a coordinated release of up to 100 million barrels of crude oil and diesel from EU and IEA member reserves over four months. WTI crude fell 4.63% to $88.64 and Brent crude dropped to $98.72 following the announcement.