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)
Canada fast-tracks 1 mb/d Alberta-Pacific pipeline; Cenovus, CNQ, Suncor named
PM Carney designated a proposed 1 mb/d Alberta-to-Pacific pipeline a matter of national interest on 1 October 2026. A single federal review is targeted for completion by 1 September 2027; Cenovus, Canadian Natural Resources, and Suncor hold Alberta crude exposure.
US military deployment to Persian Gulf: 2 October 2026
The Pentagon confirmed on 2 October 2026 the deployment of an additional aircraft carrier and approximately 10,000 sailors and Marines to the Persian Gulf, according to Bloomberg M
PetroChina and Zhejiang Petrochemical suspended refined fuel exports for October 2026
PetroChina cancelled gasoline and jet fuel cargoes and Zhejiang Petrochemical halted exports for October 2026, with Bloomberg Markets and Oilprice reporting Chinese fuel exporters pulled oil-product cargoes to prioritise domestic supply. No benchmark price moves were reported in the brief.
Indian refiners secured tanker tenders amid three Hormuz attacks
Indian refiners awarded tanker tenders to two shipping firms following three attacks near the Strait of Hormuz. Persian Gulf producers relocated cargo transfers farther from the strait; shipping rates were affected by increased Indian refiner demand for tanker capacity.
Yen fell versus dollar after BOJ September summary; Nikkei 225 rose
USDJPY rose and the Nikkei 225 gained on 1 October 2026 after the Bank of Japan's September meeting summary omitted imminent rate-hike signals. Japan's Prime Minister also issued a statement on yen confidence following the BOJ release.
RBA raises cash rate 25bp to 4.6%; Australian dollar falls to 0.6999
The RBA unanimously raised its cash rate by 25 basis points to 4.6% on 29 September 2026, its highest since 2011. AUD/USD traded near 0.6999 following the decision, while the US dollar strengthened against six of seven major currencies tracked.
Dated Brent tops $120 as Hormuz drone attacks and China export curbs tighten physical oil
Dated Brent traded above $120/bbl on 2 October 2026, over $19 above ICE Brent futures (LCO) near $101. Drone attacks in the Strait of Hormuz, China's refined product export restrictions, and European diesel stock releases were reported as contributing factors.
US municipal bonds post worst monthly loss in nearly two decades, September 2026
US municipal bonds recorded their worst monthly performance in nearly two decades in September 2026, with MUB and VWAHX registering losses consistent with the broader selloff; UK gilt yields reached 6% for the first time since 1998 and the US 10-year Treasury yield rose to its highest level since 2002.
UK diesel hits record £2/litre amid Gulf supply disruptions, crude above $100
British diesel prices reached an all-time record of £2 per litre on 2 October 2026, while Brent and WTI crude surged above $100 per barrel in September 2026, following supply disruptions attributed to the US-Israel conflict with Iran affecting Gulf crude and refined product flows.
US 30-year Treasury yield hits 5.44%, highest since 2004
US 30-year Treasury yields rose to 5.44% on 24 September 2026, a level last seen in 2004, while 5-year yields crossed 5% for the first time since 2007 and the 10-year yield rose 15.2 basis points in a single session; TLT moved in response to the long-duration selloff.
US retail diesel hits record $6.50/gallon amid global refining shortage
US retail diesel prices reached a record $6.50 per gallon on 21 September 2026, up from approximately $6.00 per gallon two weeks prior, while Brent crude traded near $100 per barrel and UK diesel prices approached £2 per litre.
Trump administration proposes $5 billion fund for Middle East infrastructure rebuild
The Trump administration announced a proposed $5 billion fund targeting energy infrastructure and transit facilities in the Gulf region damaged during a seven-month conflict with Iran, including discussion of alternative routes to the Strait of Hormuz, according to Bloomberg Markets and Finnhub.
S&P 500 rebounded 25 September as oil and Treasury yields retreated
Global equities, including the S&P 500, recovered on 25 September 2026 as WTI crude oil prices and 10-year Treasury yields pulled back from recent highs, following a sharp deterioration on 24 September when rising yields and surging crude had pushed US stock index futures lower.
Iran proposed Hormuz reopening in seven days if US lifts blockade
Iran conveyed a conditional proposal to reopen the Strait of Hormuz within seven days, with seven conditions, during UN General Assembly discussions on 22–23 September 2026. Brent crude and WTI are directly linked to Hormuz transit volumes, which carry approximately 20% of global daily oil supply.
RBNZ warns inflation may exceed forecasts; October rate rise flagged
The Reserve Bank of New Zealand stated on 22 September 2026 that near-term inflation may surpass its latest forecasts, citing rising oil prices, and raised the possibility of an additional interest rate increase as early as October.
US spot Bitcoin ETFs drew $1 billion net inflows in single session
US spot Bitcoin ETFs recorded ~$1 billion in net inflows in one session, the largest single-day figure of 2026. Ether ETFs added $270 million the same day; year-to-date net flows turned positive for the first time since April 2026.
JPMorgan flags 10 mb/d supply disruption; Brent rises to $105.65
JPMorgan reported approximately 10 million barrels per day of oil supply as disrupted six months into the Iran conflict, citing Strait of Hormuz restrictions. Brent crude rose to $105.65 per barrel on 25 September from $102 earlier in the week, while WTI stood at $93.11.
US-China agree $30 billion tariff reduction after Xi-Trump Washington summit
The US and China agreed to reduce tariffs by $30 billion following a three-day summit concluding 26 September 2026; the Busan accord trade truce was extended through 10 January, the PBOC set the yuan reference rate at 6.7489 against the dollar, and Boeing's order position with Chinese carriers was reported as strained.
US 10-year Treasury yield breaches 5% for first time since 2007
The 10-year US Treasury yield crossed 5% on 14 September 2026 and reached 5.04% on 15 September, its highest level in nearly two decades. TLT and IEF, which move inversely to yields, were reported under pressure alongside equity valuations, particularly in growth and technology stocks.
Houthis seize Hanish islands, extending Red Sea chokepoint control
Houthi forces captured the Greater and Lesser Hanish islands on 15 September 2026, extending their hold over the Bab al-Mandab strait. Saudi Arabia had already increased use of its East-West pipeline for crude exports; a vessel strike near Hormuz was reported by UKMTO on 13 September 2026.