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)
Drone strikes hit Saudi East-West Pipeline; Saudi Arabia shuts system
Saudi Arabia shut down its 1,200-kilometre East-West Pipeline on 11 September 2026 following drone strikes on multiple pumping stations attributed to Houthi rebels, with drones reported launched from Iraq. The extent of physical damage and production volume impact had not been fully assessed at time of reporting.
Houthi forces capture Mocha port, securing Red Sea chokepoint control
Houthi forces seized the Red Sea port of Mocha on 11 September 2026 and were reported by Finnhub to have secured control of the Bab al-Mandeb Strait; the strait carries approximately 6.2 million barrels of oil daily and around 80% of northbound LNG shipments to Europe.
US diesel hits record $6/gallon national average on 11 September 2026
The US national average diesel price reached a historic $6 per gallon on 11 September 2026, with ULSD futures, WTI crude, and the XLE ETF connected to the move via refining economics and energy sector exposure.
Saudi Aramco halts Yanbu loadings after East-West pipeline drone attack; Brent at $108
Saudi Aramco suspended oil loadings at Yanbu on 15 September 2026 after drone attack damage to the East-West pipeline; Brent crude rose to $108 per barrel, the Shanghai Futures Exchange crude contract hit a reported record of $138 per barrel, and TTF natural gas rose 6% to $97.31 per MWh.
August CPI beat raises Fed hike probability to 90%; 10-year yield nears 5%
August 2026 CPI exceeded expectations on headline and core measures; bond traders priced a 90% Fed hike probability for the following week and two full hikes by year-end. The 10-year Treasury yield approached 5% amid a global bond selloff.
US Treasury yields hit multiyear highs on 11 September 2026
US Treasury yields rose to multiyear highs and Japanese government bonds declined on 11 September 2026. Oil prices were elevated and rate hike expectations from the Federal Reserve, Bank of Japan, and ECB were reported as contributing factors.
Kospi rises 18% on 31 July 2026; Samsung and SK Hynix each gain over 20%
South Korea's Kospi rose 18% on 31 July 2026, its largest single-day gain on record, after a 12.6% drop on 29 July and a 33% July decline. Samsung Electronics (005930.KS) and SK Hynix (000660.KS) each gained over 20%; the Kosdaq also rose.
US strikes Iran; 30-year Treasury hits 19-year high, equities fall
The 30-year US Treasury yield rose 14 basis points to 5.23%, its highest in 19 years, following US military strikes on Iran and a seventh consecutive Fed rate hold; the Nasdaq 100 fell 2.06%, the S&P 500 fell 1.52%, and the Dow fell 2.19%, while the US dollar weakened against the euro.
Brent crude surpassed $100/barrel amid US-Iran strikes and Red Sea disruptions
Brent crude rose above $100/barrel before falling more than 9% to below $88 following a US military pause, then recovered to $87.95; WTI moved to $84 at peak and settled at $82.89. The S&P 500 fell 1.52% and semiconductor stocks fell 5.33% in a session also capturing the escalation.
Hormuz closure causes jet fuel shortages; US airlines face constrained supply
A prolonged Strait of Hormuz closure, reported 8–9 August 2026, produced global jet fuel shortages affecting commercial airline operations. ALK, AAL, DAL, UAL, LUV, and JBLU were among carriers exposed to constrained fuel supply chains, with ULSD also affected.
ExxonMobil and Chevron Q2 2026 combined profits exceeded $26 billion
ExxonMobil (XOM) and Chevron (CVX) reported combined Q2 2026 profits exceeding $26 billion, a rise of more than 300% year-on-year, with elevated Brent crude and WTI prices linked to Iran-related geopolitical tensions cited as the underlying driver.
Bank of England holds rate at 3.75% in 6-3 MPC vote
The Bank of England MPC voted 6-3 to hold Bank Rate at 3.75% on 30 July 2026, with three members favouring an increase. GBPUSD and UK 10-year gilts were identified in the brief as instruments connected to the decision.
Shell Q2 2026 profits rose; Glencore H1 marketing profit reached $3.3 billion
Shell Plc reported a significant Q2 2026 profit increase, with refining and trading divisions identified as primary contributors. Glencore separately reported a $3.3 billion H1 marketing division profit; both results occurred during a period of Iran-related oil market volatility.
BP initiates North Sea oil and gas business sale process
BP formally began a sale process for its North Sea oil and gas business, as reported on 31 July 2026 by Oilprice, Guardian Business, and Bloomberg Markets. BP.L and BP were identified in the brief as directly affected instruments, though no price moves were reported.
US strikes Iran; LNG vessel hit as Hormuz shipping disruptions worsen
A US-owned LNG vessel was struck during a reported exchange of hostilities on 30 July 2026, following new US strikes on Iran attributed to attacks on US forces in Jordan; Saudi Arabian and other Persian Gulf oil loadings were already running at reduced levels prior to the incident.
US-Iran mutual strike pause confirmed; Brent and WTI directly affected
A US-Iran mutual cessation of strikes was confirmed as of 27 July 2026, with no attacks reported in the two preceding nights. Brent crude and WTI were identified by the brief as directly affected by the status of the Strait of Hormuz, through which a significant share of global oil exports transit.
US-Iran Hormuz shipping talks progressing; deal not yet finalised
Mediators from Pakistan, Egypt, and Qatar reported on 28 July 2026 that US-Iran talks were progressing toward reviving a Strait of Hormuz memorandum of understanding. The White House was awaiting a Trump–Netanyahu meeting before committing.
Supertanker Olympic Luck rerouted via Suez after Houthi blockade threat
The supertanker Olympic Luck diverted from the Red Sea to the Suez Canal and Mediterranean route on 27 July 2026 following Houthi threats to Saudi-linked shipping; tanker transits through the Bab el-Mandeb Strait fell to 11 vessels on Sunday, a multi-month low.
US strikes IRGC sites after Iran kills three US soldiers in Jordan
Iran struck US installations in Jordan on July 28, killing three soldiers; the US retaliated on July 29 against dozens of IRGC facilities. WTI crude fell approximately $1 at the time of the US military confirmation.
US airlines cut profit forecasts as jet fuel prices spike 20%
US airlines including American Airlines (AAL), Delta Air Lines (DAL), United Airlines (UAL), and Alaska Air (ALK) revised earnings estimates and full-year guidance downward in July 2026 after jet fuel prices rose 20%; Brent crude climbed above $100 per barrel and WTI rose alongside it during the same period.