WTIWest Texas Intermediate Crude Oil
West Texas Intermediate Crude Oil (WTI) is a NYMEX-listed commodity covered by Valdrans. Last close $81.960, -3.18% on the day; -0.85% over 1 week, +16.59% over 4 weeks, +29.66% over 6 months (prices as of 27 Jul 2026).
- Last close (27 Jul 2026)
- $81.960
- Today
- -3.18%
- 1 week
- -0.85%
- 4 weeks
- +16.59%
- 6 months
- +29.66%
Coverage of WTI(20)
US strikes Iran after Hormuz ceasefire violation as global markets convulse
A turbulent five-session week dominated by Strait of Hormuz whipsaw, a sharp global tech selloff, UK political upheaval, and surging US inflation data.
Google, Microsoft, Amazon compete for grid capacity amid AI data centre expansion
Oilprice reporting from 25–26 June 2026 described major tech companies competing for electrical grid capacity for AI data centres, with per-facility infrastructure costs of $100m–$500m. Rystad Energy forecast fuel cell revenues rising from $2.8bn in 2025 to $30bn by 2030.
Volkswagen plans 100,000 job cuts as tech selloff and oil decline weigh on European session
A broad European session decline driven by Volkswagen restructuring news, continued oil weakness, a technology-led selloff, and sharp cryptocurrency outflows ahead of the US open.
Asian equities sold off sharply as Apple price hikes and Micron concerns hit chipmakers
A sharply negative overnight session dominated by a broad Asian tech selloff, a vessel strike in the Strait of Hormuz, and renewed AI spending doubts.
US PCE inflation rose 4.1% year-on-year in May 2026, largest since April 2023
The PCE price index rose 4.1% year-on-year and 0.4% month-on-month in May 2026, with the Dallas Fed trimmed mean PCE rising to 2.8% from 2.4%. Energy costs including gas prices were identified as key drivers.
Iraq issued OPEC ultimatum demanding higher production quotas on 25 June
Iraq formally demanded significantly higher production allowances from OPEC on 25 June 2026, threatening withdrawal if rejected. CNBC TOP subsequently reported Iraq had decided to remain within OPEC and pursue quota negotiations rather than execute an immediate exit.
Bitcoin hits 20-month low of $59,125; silver, gold, crude fall
Bitcoin fell to a session low of $59,125 on 24 June 2026, its weakest level in 20 months, amid a broad risk-asset sell-off in which silver declined 7.4%, gold fell 3%, crude oil dropped 4%, and the US Dollar Index surged.
Micron beats earnings, raises guidance; shares surge 18%
Micron Technology shares rose approximately 18% after the company reported earnings above analyst expectations and raised forward guidance. Intel gained 4.82%, AMD rose 3.83%, and Broadcom added 1.18% on the same session; the Nasdaq advanced 676 points and the S&P 500 gained 64 points.
Micron beats earnings, lifts tech futures; Iraq threatens OPEC exit
A busy European session dominated by Micron's earnings beat lifting tech futures, oil declining on Middle East de-escalation and OPEC fractures, and fresh drone strikes on Russian refineries.
Oil retreats to pre-conflict levels as Hormuz tanker traffic resumes
An active overnight session dominated by easing Persian Gulf supply fears, the Venezuela earthquake emergency, and a blockbuster SK Hynix Nasdaq listing announcement.
China crude imports hit 2018 low; Shandong refinery rates at 2017 low
China's crude oil imports fell to their lowest level since 2018 as of 24 June 2026, while independent refinery operating rates in Shandong province dropped to 50.5%, the lowest since August 2017. US-Iran talks in Switzerland concluded with both parties committing to a final agreement within 60 days.
Bessent reaffirms 3% GDP growth target; Kalshi traders price lower
Treasury Secretary Scott Bessent stated on 24 June 2026 that GDP could reach 3% growth before year-end, reaffirming the '3-3-3' plan; Kalshi prediction market traders were reported pricing materially below that target.
Trump denies Hormuz tolls imposed; shipping traffic through strait rose modestly
Trump posted on 24 June 2026 denying any tolls, surcharges, or transit fees on Hormuz vessels, and denying U.S. funds had been released to Iran. Shipping traffic through the Strait reportedly increased modestly after the statements, though volumes remained below pre-war levels.
Crude falls further as Goldman cuts Q4 forecast to $80 and Iran talks resume next week
A busy European session dominated by oil price weakness on US-Iran de-escalation, a sharp drop in Rheinmetall shares, and stabilising equity futures ahead of Micron earnings.
Kospi rebounds after 10% rout; UK PM Starmer resigns, Burnham tipped as successor
A busy overnight session dominated by tech selloff aftershocks, a dramatic UK political development, and acute oil freight disruption in the Persian Gulf.
NESO declares UK electricity supplies secure amid Iran conflict disruptions
NESO's head of resilience stated on 23 June 2026 that UK domestic electricity supplies would remain secure over winter, citing resilience against Iran conflict and Strait of Hormuz disruptions. No market price movements were reported in response.
Rystad flags structural drop in China crude imports amid EV shift
Rystad Energy characterised a reduction in China's crude oil import demand as structural rather than cyclical, citing accelerating EV adoption; Bloomberg Markets reported Iran-related conflict had compounded pressure on Chinese import volumes.
Global tech selloff deepens as Hormuz reopens and Iran deal details remain contested
A volatile European session dominated by a sharp global technology selloff, conflicting US-Iran nuclear signals, and a UK political leadership change.
Iran sanctions waiver granted; Brent slides to $77.51 as peace talks progress
A moderately active overnight session dominated by US-Iran diplomacy, oil price declines, and deteriorating Hong Kong equity sentiment.
Explosion at Qatar's Ras Laffan gas facility injures 54, 18 missing
An explosion and fire struck the Barzan facility at Ras Laffan Industrial City on 21 June 2026 during restart operations, injuring at least 54; QatarEnergy cited a technical malfunction and assessment of LNG export impact was ongoing.