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)
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.
Trump signals imminent Iran strike; crude rises to $91, NASDAQ falls 364 points
Crude oil rose $2.60 to $86.94 on 22 July 2026 following Trump statements on Iran, before trading near $91 on 23 July; the NASDAQ fell 364 points in premarket trading on 23 July as tensions escalated. Iran rejected a US-backed ceasefire proposal, leaving negotiations stalled ahead of the 26–27 July weekend.
WTI crude fell ~$4 amid reports of US-Iran diplomatic contacts
WTI crude fell approximately $4.00 to $88.25 on 24 July 2026 following reports of China-backed diplomatic contacts between the US and Iran facilitated by Pakistan. The Dow Jones Industrial Average rose 0.67% and the S&P 500 rose 0.52% in the same session.
Equinor Q2 2026 adjusted operating income rises 76% to $11.482bn
Equinor reported Q2 2026 adjusted operating income of $11.482bn, up 76% year-on-year, and adjusted operating income after tax of $3.225bn, up 93% from $1.670bn. Norway's crude output reached 1.827 million barrels per day in June, exceeding official Norwegian Offshore Directorate forecasts.
EIA reports 2.01 million barrel crude build; WTI at $87.07
The EIA reported crude inventories rose 2.01 million barrels for the week ending 17 July 2026, against an expected draw of 1.052 million barrels. WTI crude was trading at $87.07 at the time of reporting, up $2.70 on the day but below the session high of $88.61.
Dow drops 500+ points; Alphabet, Tesla and WTI crude move sharply
The Dow Jones Industrial Average fell over 500 points on 23 July 2026, its steepest one-day drop in a month, as Alphabet (GOOGL) and Tesla (TSLA) sold off heavily and WTI crude oil approached $100 per barrel.
Brent crude hits $100.30, WTI $91.70 amid Persian Gulf shipping attacks
Brent crude rose to $100.30 per barrel and WTI climbed to $91.70 per barrel, each gaining over $10 per barrel since Monday, following more than 60 commercial ship attacks across Persian Gulf chokepoints; European natural gas prices rose to four-month highs and U.S. equity markets declined as crude crossed $100.
30-year US Treasury yield approached 5.2% on 24 July 2026
The 30-year US Treasury yield rose toward 5.2% on 24 July 2026, extending a move that had already brought US Treasury yields to their highest levels of 2026 by 23 July. A global bond selloff accelerated over the period, with oil price rises and Federal Reserve rate-hike expectations reported as contributing factors.
LNG exports via Strait of Hormuz halted for three days to 20 July
Tanker-tracking data confirmed LNG exports and oil tanker traffic through the Strait of Hormuz ceased or declined significantly over the three days ending 20 July 2026. A shipowner was reported offering crews up to six months of additional pay to transit the waterway.
US strikes Iranian targets ninth consecutive night; Hormuz transit affected
US forces conducted a ninth consecutive night of air strikes on Iranian targets on 20 July 2026, with CENTCOM citing threats to Strait of Hormuz maritime transit, through which roughly one-fifth of global oil and gas passes.
US-Iran ceasefire ends; WTI crude and gold linked to supply-disruption risk
A US-Iran ceasefire declared approximately 10 days prior ended following President Trump's announcement, according to CNBC and Finnhub reporting. WTI crude, USO, gold, and the VIX were mentioned in the context of Iranian supply-disruption and geopolitical risk.
Leveraged funds set record NZD short positions as of 20 July 2026
Leveraged funds held record short positions in NZD/USD as of 20 July 2026, according to Bloomberg Markets. The positioning was reported in the context of a rebound in Brent crude and WTI crude prices.
US oil rig count rises to 452; WTI crude rallies $2.36 to $81.30
Active US oil rigs rose by 7 to 452 as of 17 July 2026, with total rigs at 588, up 44 year-over-year. WTI crude gained $2.36 to $81.30 and Brent crude rose 4% over the same period.
US military completes seventh consecutive night of strikes on Iran
The US military struck Iran on 18 July 2026, its seventh consecutive night of operations. The sixth night on 16 July targeted bridges, railways, and airport facilities; Iran retaliated across the Persian Gulf. Gold rose during the escalation per prior reporting.
Nikkei falls 4.25%, oil rises to $81 as Middle East strikes hit markets
The Nikkei fell 4.25% and Nasdaq futures declined 1% on 17 July 2026; oil rose a further 2.6% to approximately $81 per barrel in European trading following Middle East strikes, while the Indian rupee approached record lows before Reserve Bank of India intervention.
US crude stockpiles fell 1.7 million barrels to 409.7 million, 6% below seasonal average
US commercial crude inventories drew down 1.7 million barrels for the week ending 10 July 2026, reaching 409.7 million barrels, 6% below the five-year seasonal average; the official figure exceeded the API's preliminary estimate of a 564,000-barrel draw for the same week.
Trump proposed then reversed 20% Hormuz transit fee on 14 July
President Trump announced and then withdrew a proposed 20% fee on cargo transiting the Strait of Hormuz on 14 July 2026, citing trade and investment deals as an alternative; Hapag-Lloyd publicly criticised the proposal.
China Q2 GDP grew 4.3%, missing 4.5% forecast and slowing from Q1
China's Q2 2026 GDP expanded 4.3% year-over-year, below the 4.5% consensus and down from 5.0% in Q1, with the result falling under Beijing's stated full-year target range of 4.5–5.0%. June retail sales rose 1.0% and industrial output rose 5.3% year-over-year within the same release.
China crude imports hit decade low at 7.12 mb/d in June 2026
China's crude oil imports fell 41.3% year-over-year in June 2026 to 7.12 million barrels per day, the lowest monthly volume since October 2016; Chinese refiners drew approximately 41 million barrels from domestic stockpiles during the same month.
JPMorgan posts record Q2 profit; JPM shares fell post-announcement
JPMorgan Chase reported its highest-ever quarterly profit on 14 July 2026, with equities trading revenue rising 86% year-over-year to $6.03 billion in Q2 2026; JPM shares declined following the announcement despite the earnings beat.