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CME Group Inc.

09/02/2026 | Press release | Distributed by Public on 09/02/2026 11:03

WTI Crude Oil futures rally as Middle East hostilities escalate.

WTI Crude Oil futures trade higher, extending recent gains toward $92 a barrel as renewed geopolitical tensions in the Middle East erase de-escalation optimism. The market prices in a sustained global risk premium following U.S. and Iranian strikes. Additionally, the EIA reports a crude oil draw of 4.5 million barrels, with refinery utilization climbing to 98%. Natural Gas futures also rally as above-average temperature forecasts support late-summer power demand, despite elevated production levels.

CME Group Inc. published this content on September 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 02, 2026 at 17:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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