CME Group Inc.

09/09/2026 | Press release | Distributed by Public on 09/09/2026 14:33

WTI Crude Oil futures surge as Middle East hostilities escalate.

WTI Crude Oil futures rallied over 3% to $96 after fresh attacks in the Middle East reignited geopolitical risk premiums and complicated efforts to reopen the Strait of Hormuz. Diesel margins remain elevated alongside a tight physical crude market as winter demand approaches. Markets are also awaiting delayed EIA inventory data, with consensus pointing to a 4.5 million barrel draw. Meanwhile, Natural Gas futures traded lower on moderated weather forecasts and elevated production levels near 112 billion cubic feet per day.
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