WTI Crude Oil news & analysis
West Texas Intermediate (WTI) is the main US crude oil benchmark, quoted in US dollars per barrel.
The reading
The news
Moderate bullish impulse
Priced in
Partly priced in
What follows
The move still has room
Reading as of . Research context, not investment advice. It never tells you what to trade.
How a reading is madeWhy is WTI up or down today?
WTI is around $90.00 as headlines point to escalating attacks on tankers in the Strait of Hormuz alongside talk of an energy ceasefire. Reports describe a supertanker hitting a mine, more tankers hit amid U.S. strikes, Iran warning ships over navigation systems, and stalled efforts to end the war on Iran. The focus for oil is the risk of disruption to Gulf shipping and supply.
Updated
Latest news
Monday, October 12
Sunday, October 11
- Oil Rises After MidEast Attacks Spread And Escalate, Stoking Supply FearsZeroHedge
- Iran warns ships against transiting Strait of Hormuz with their navigation systems offTASS
- Hormuz attacks intensify as efforts to end war on Iran stallAl Jazeera
- More Tankers Hit in Hormuz as U.S. Strikes Cargo Shipgcaptain.com
- Tanker war spreads across Gulfsplash247.com
Saturday, October 10
Upcoming economic events
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 12 | ||
| Bank Holiday | USD | |
| Bank Holiday | CAD | |
| FOMC Member Hammack Speaks | USD | |
| Tuesday, October 13 | ||
| New Home Prices m/m | CNY | |
| FOMC Member Waller Speaks | USD | |
| M2 Money Supply y/y | 7.5% | CNY |
| New Loans | 300B | CNY |
| NFIB Small Business Index | 98.0 | USD |
Day by day
80 days on record since July 22, 2026. Each column is one day: the bar is its headlines, the mark is the reading at its close.
Recent days
- Sun, Oct 11Bullish20 headlines. WTI is in focus after attacks on tankers and shipping in the Strait of Hormuz spread across the Gulf, including a supertanker hitting a mine and additional tankers hit as U.S. strikes and warnings over transits add to tensions.
- Sat, Oct 10Neutral16 headlines. WTI is trading near $89.50 as traders weigh US-Iran tensions and supply risks.
- Fri, Oct 9Neutral13 headlines. WTI crude has moved higher, at one point rising above $90.00, as reports of Iran-related strike fears and attacks on tankers around Hormuz coincided with hurricane-related production shut-ins in the U.S. Gulf.
- Thu, Oct 8Neutral15 headlines. WTI has been moving on competing supply signals, with Iran-related strike fears and Houthi attacks on tankers around Hormuz coinciding with U.S. Gulf shut-ins linked to Hurricane Isaias.
- Wed, Oct 7Neutral13 headlines. WTI has been swinging as recovering Gulf and Middle East export flows have weighed on prices, including a drop to near $88.50 following a G7 reserve release.
Frequently asked questions
- What is WTI crude?
- West Texas Intermediate (WTI) is the primary US crude-oil benchmark, quoted in US dollars per barrel and delivered at Cushing, Oklahoma.
- What moves WTI prices?
- WTI is driven mainly by US and global supply and demand, OPEC+ decisions, US inventory and rig-count data, geopolitical risk, and the US dollar.
- How does WTI differ from Brent?
- WTI reflects US crude priced inland at Cushing, Oklahoma, while Brent is the international seaborne benchmark; the Brent–WTI spread reflects quality, location, and transport costs.
Not investment advice. For informational purposes only.