Macro18h ago
EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw
EIA crude inventories drew 0.4M for the week ending September 4, versus a 1.4M draw forecast and a 4.5M prior draw — a smaller-than-expected decline.
Editor·1 min read
WTI Rebounds Toward $97 as US–Iran Conflict Escalates
WTI jumps toward $97.00 (+2.93%) as US–Iran escalation lifts the supply-risk premium. Reuters: Iran hit 10 ships near Hormuz after the US sank five Iranian tankers; Houthi hits on Saudi energy facilities.
E
Editor
Sep 10, 2026 · 21h ago
1 min read7 views
WTI jumped on Thursday as US–Iran tensions lifted the supply-risk premium.
Price stamp
West Texas Intermediate (WTI) US Oil rises sharply on Thursday, trading around $97.00 per barrel at the time of writing, up 2.93% on the day.
Geopolitics
Oil prices benefit from a renewed geopolitical risk premium as the intensifying conflict between the United States and Iran raises concerns over potential disruptions to energy supplies from the Middle East. Iran says it is ready to intensify the conflict if US strikes on its territory and infrastructure continue.
According to Reuters: Iran attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, marking the largest wave of attacks on shipping by both sides since the conflict began six months ago. Attacks by Iran-backed Houthi militants on several energy facilities in Saudi Arabia, which prompted the temporary suspension of some operations, are also adding to supply concerns.
Prior WTI tape
Follows WTI EU ~$93.20 and WTI NY ~$93.85.
Also see: USD/CAD Near 1.3815 as CAD Firms, Oil Extends Rally; FedWatch ~64%.
Also see: EIA Crude Inventories Draw 0.4M vs Forecast 1.4M Draw.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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