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)
Dangote Refinery switches fuel pricing to US dollars, ending naira sales
Dangote Petroleum Refinery abandoned naira-denominated fuel pricing on 14 July 2026, setting gasoline at $0.779/litre, diesel at $1.087/litre, and jet fuel at $0.942/litre; the Nigerian naira and DANGOTE.LG were mentioned in connection with the development.
Ukraine strikes cut Russian refinery output to lowest since 2005
Russia's crude processing capacity fell to 3.91 million barrels per day by early July 2026, with 24 of 34 refineries affected and a 135-million-barrel crude backlog accumulating at sea; Russia imposed export bans on gasoline, jet fuel, and diesel, while domestic Russian fuel prices rose sharply.
US June CPI at 3.5%, below 3.8% consensus; rate futures repriced
US headline CPI for June 2026 came in at 3.5% year-over-year against a 3.8% consensus, with a month-over-month fall of 0.4%; fed funds futures moved to price 3.9 basis points of hikes at the July Fed meeting, down from 9.2 bps, and year-end rate expectations fell from 41 bps to 32.7 bps.
SK Hynix shares fell 15% in Seoul, worst drop in 18 years
SK Hynix domestic shares (000660.KS) fell 15% on 13 July 2026, their largest single-day decline in 18 years, reaching a record low on Korean exchanges. The SOX semiconductor index, Micron (MU), and the broader KOSPI also declined in the same session.
US strikes 90 Iranian military sites; S&P 500 futures rose 0.2%
US forces struck ~90 Iranian military sites around the Strait of Hormuz on 10 July 2026, following strikes on 8–9 July. Iran retaliated against US facilities in Bahrain, Kuwait, and Qatar; S&P 500 futures rose 0.2% at 7:43 a.m. ET on 9 July.
NTPC issues tender to acquire stakes in international uranium mines
NTPC Ltd launched a tender seeking consultants to identify uranium mine investment opportunities across Australia, Canada, Kazakhstan, and South Africa, with bids due 16 July 2026. Cameco Corporation (CCJ) was mentioned in coverage in connection with the targeted countries.
SK Hynix raises $26.5bn in record US foreign-company IPO
SK Hynix completed a $26.5bn ADR offering on Nasdaq on 10 July 2026, the largest-ever US IPO by a foreign company. ADRs were indicated to open 17% above the offering price; the company reached a trillion-dollar market capitalisation.
Ukrainian drones struck Russian fuel tankers and trucks; Brent and WTI linked
Ukrainian drone attacks on Russian fuel infrastructure included strikes on two tankers in Taganrog Bay and 360 reported truck attacks in one week; Russia announced domestic energy sales bans and increased fuel imports amid a reported nationwide petrol shortage.
Bloomberg: $1.6bn Russian energy transshipped via Indonesia's Karimun Island
At least $1.6bn in Russian diesel, fuel oil, and petroleum products was transshipped through Karimun Island, Indonesia, to Asian buyers, per Bloomberg Markets on 9 July 2026. No regulatory response from Indonesian, Western, or international bodies was reported.
Trump ends Iran ceasefire; WTI and Brent surge 8% amid Hormuz closure threat
WTI and Brent crude rose approximately 8% after Trump declared the Iran ceasefire over at the NATO Summit in Ankara and revoked Iranian oil sanctions waivers; U.S. equity futures in SPY and QQQ fell, bond yields spiked, and the VIX rose.
US strikes on Iran; Brent crude surges, equities and dollar move
Brent crude rose ~$4 to settle above $76, reaching $80 intraday; WTI rose 6% to $74.90. The Dow fell 1.09%, S&P 500 posted minor losses, FTSE 100 and Nikkei fell, Treasury yields rose 5bp to 4.58%, and the DXY strengthened.
UAE crude output exceeds 3.8 million bpd after OPEC+ exit
UAE crude production rose above 3.8 million barrels per day in June 2026 following its departure from OPEC+, with Bloomberg data showing exports at 3.94 million barrels per day — the highest since April 2020.
Saudi Arabia cuts August crude OSP to Asia by largest margin in 26 years
Saudi Arabia reduced its official selling price for crude to Asian customers for August loadings by the largest margin in at least 26 years, with other Gulf producers issuing competing discounts of up to $11 per barrel; Brent crude and WTI both declined as the pricing data emerged.
Trump spoke separately with Putin and Zelenskyy on 6 July 2026
US President Trump held separate calls with Russian President Putin and Ukrainian President Zelenskyy on 6 July 2026, coinciding with Ukrainian strikes on Russian targets and a Russian barrage on Kyiv. A subsequent Trump-Zelenskyy meeting was announced for the NATO summit in Ankara, Turkey.
Ukraine strikes 50+ Russian refineries; Brent crude declines sharply
Brent crude declined sharply after reports of Ukraine striking more than 50 Russian refining sites, causing fuel shortages across Russia. Russia's refiner subsidy payments surged sixfold year-over-year in June; Russia moved to import 200,000 barrels of jet fuel via South Korea.
Abu Dhabi promotes Murban crude as rival benchmark to Platts Dubai
Oilprice reported on 3 July 2026 that Abu Dhabi is pursuing structural changes to position Murban crude as a global pricing benchmark via ICE Futures Abu Dhabi, targeting Asian buyers and competing directly with the Platts Dubai assessment.
Canada approves Pacific coast oil pipeline; TSX energy sector rises
Canada's federal and Alberta governments jointly approved a new Pacific coast oil pipeline on 3 July 2026, with C$150 billion in associated investments announced. The TSX rose on Friday following the announcement, with the energy sector contributing to the gain.
Oman India Fertiliser IPO draws $12 billion in orders, 17 times covered
Oman India Fertiliser Co. received over $12 billion in orders for its $678 million IPO, representing approximately 17 times subscription. Bloomberg Markets reported the listing as the largest in the Middle East since the onset of regional conflict.
India's Russian crude imports hit 2.6 mb/d in June, 54% of total intake
Indian crude imports reached a record 5 million barrels per day in June 2026, with Russian crude accounting for 2.6 million barrels per day — 54% of total intake — more than double the volume recorded in February 2026.
Gold hits lowest since November; gold-oil correlation breaks down
Gold fell to $3,983.07 per troy ounce on Wednesday, its lowest since November, posting a 14% quarterly decline — worst since 2013. WTI crude also declined as US-Iran talks progressed, ending a five-month tandem rally in both commodities.