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)
German June CPI fell to ~2.4% as state-level readings missed expectations
Regional CPI data released 30 June showed year-over-year inflation falling across four German states; the national June headline was estimated at approximately 2.4%, down from 2.6% in May. No specific price moves for German Bunds or EURUSD were reported.
China June manufacturing PMI beat at 50.3; CSI 300 and Hang Seng tied to data
China's official manufacturing PMI came in at 50.3 for June 2026, above the 50.1 forecast and up from 50.0 in May; the non-manufacturing PMI reached 50.2 and the composite PMI stood at 50.6. ING held its Q2 GDP growth estimate at 4.6% year-on-year, while the ex-factory price index fell to 48.2.
US-Iran Doha talks announced after Strait of Hormuz military clashes
Trump announced via Truth Social on 29 June 2026 that US and Iranian delegations would hold indirect talks in Doha following weekend military clashes in the Strait of Hormuz; WTI crude was reported in connection with the Hormuz shipping disruption.
Pakistan state LNG buyer issues emergency tender amid Strait of Hormuz disruption
Pakistan's state-owned LNG importer issued an emergency tender for cargo delivery between 30 June and 4 July 2026, with Bloomberg Markets reporting that attacks in the Strait of Hormuz were actively disrupting LNG supply flows to the country.
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.
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.
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.
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.
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.
UK PM Starmer resigns; pound fell then rose, FTSE 100 up 0.50%
Keir Starmer announced his resignation as UK Prime Minister on 22 June 2026; sterling initially fell against major currencies before GBP strengthened against USD, the FTSE 100 rose 0.50% in premarket trading, and UK 10-year gilt yields fell 3.4 basis points.
US-Iran nuclear roadmap agreed; crude oil prices fell on sanctions waiver
Crude oil prices fell after the US waived Iran oil sanctions for 60 days and a Strait of Hormuz access agreement was announced; WTI and Brent were the benchmark contracts specifically referenced in coverage of the price decline.
Moscow fuel rationing begins after Ukrainian drone strikes hit Gazprom Neft refineries
Moscow fuel rationing was reported after sustained Ukrainian drone strikes degraded Russian refining capacity over several months; Brent crude, WTI, Gazprom Neft, and Lukoil were named in coverage connected to the infrastructure damage.
Israel-Hezbollah ceasefire declared 19 June 2026; oil prices and gold fell
A ceasefire between Israel and Hezbollah took effect at 4 pm local time on 19 June 2026, per US officials and Hezbollah sources. WTI crude was reported at $77.54, gold fell $49 to $4,160, and S&P 500 futures were down 0.2% at the time of reporting.
US blockades Iranian vessels, imposes 20% Hormuz fee; Brent rises 8%
Brent crude climbed above $82 per barrel and WTI rose past $77 per barrel, each gaining more than 8% on the session, after President Trump reinstated a blockade on Iranian vessels and announced a 20% transit fee on cargo passing through the Strait of Hormuz on 14 July 2026. Gold fell $95 following the announcement.