WTI crude futures extended gains on Thursday, rising more than 8% to trade above $100, partially reversing a nearly 16% plunge in the previous session, its steepest single-day drop since 2020. Investor concerns over the fragility of the ceasefire intensified, as both the US and Iran accused each other of violating the agreement. Ongoing Israeli operations against Hezbollah in Lebanon also threatened to undermine the deal, with Iranian officials insisting that Lebanon is covered under the ceasefire terms. Meanwhile, the Strait of Hormuz remained effectively closed, with Tehran reportedly requiring military approval for vessel passage. In the first 24 hours of the ceasefire, only one oil products tanker transited the strait, according to Reuters. The near shutdown of Hormuz, which handles around 20% of global oil and gas flows, has triggered one of the most severe disruptions in energy markets in recent years.

Crude Oil rose to 102.37 USD/Bbl on April 9, 2026, up 8.43% from the previous day. Over the past month, Crude Oil's price has risen 22.67%, and is up 70.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Crude Oil reached an all time high of 410.45 in December of 2025. Crude Oil - data, forecasts, historical chart - was last updated on April 9 of 2026.

Crude Oil rose to 102.37 USD/Bbl on April 9, 2026, up 8.43% from the previous day. Over the past month, Crude Oil's price has risen 22.67%, and is up 70.42% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil is expected to trade at 115.37 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 128.24 in 12 months time.



Price Day Month Year Date
Crude Oil 102.10 7.691 8.15% 22.35% 69.97% Apr/09
Brent 99.22 4.467 4.71% 13.00% 56.67% Apr/09
Natural gas 2.70 -0.0222 -0.81% -10.54% -24.04% Apr/09
Gasoline 3.11 0.1069 3.56% 17.90% 59.06% Apr/09
Heating Oil 4.09 0.2832 7.44% 22.26% 100.18% Apr/09
Coal 135.50 -3.00 -2.17% -5.77% 40.41% Apr/08
Ethanol 1.95 0 0% 4.70% 8.64% Apr/08
Urals Oil 120.16 -4.69 -3.76% 19.36% 119.19% Apr/08



Related Last Previous Unit Reference
United States API Crude Oil Stock Change 3.72 10.26 BBL/1Million Apr 2026
Saudi Arabia Crude Oil Production 10111.00 10100.00 BBL/D/1K Feb 2026
United States Crude Oil Production 13246.00 13656.00 BBL/D/1K Jan 2026
Russia Crude Oil Production 9977.00 10056.00 BBL/D/1K Dec 2025
United States Crude Oil Stocks Change 3.08 5.45 BBL/1Million Apr 2026
United States Weekly Crude Oil Production 13596.00 13657.00 Thousand Barrels Per Day Apr 2026

Crude Oil
Crude oil is one of the most widely followed commodities in the world due to its central role in the global economy. It is a key source of energy, a critical input for transportation and manufacturing, and a major driver of inflation and geopolitical dynamics. As a result, movements in oil prices are closely monitored by governments, businesses, and investors alike. West Texas Intermediate (WTI) crude oil is classified as light and sweet, where “light” refers to its low density and “sweet” indicates its low sulfur content. The delivery point for WTI crude oil futures is the Cushing Hub in Oklahoma, and each futures contract represents 1,000 barrels of crude oil. Crude oil prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official WTI crude oil prices. Official pricing and settlement data for WTI crude oil futures should be obtained directly from NYMEX. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
102.37 94.41 410.45 -40.32 1983 - 2026 USD/BBL Daily

News Stream
Oil Surges Past $100 on Ceasefire Doubts
WTI crude futures extended gains on Thursday, rising more than 8% to trade above $100, partially reversing a nearly 16% plunge in the previous session, its steepest single-day drop since 2020. Investor concerns over the fragility of the ceasefire intensified, as both the US and Iran accused each other of violating the agreement. Ongoing Israeli operations against Hezbollah in Lebanon also threatened to undermine the deal, with Iranian officials insisting that Lebanon is covered under the ceasefire terms. Meanwhile, the Strait of Hormuz remained effectively closed, with Tehran reportedly requiring military approval for vessel passage. In the first 24 hours of the ceasefire, only one oil products tanker transited the strait, according to Reuters. The near shutdown of Hormuz, which handles around 20% of global oil and gas flows, has triggered one of the most severe disruptions in energy markets in recent years.
2026-04-09
Oil Climbs on Ceasefire Uncertainty
WTI crude futures jumped more than 3% toward $98 per barrel on Thursday, recovering part of the prior session’s losses as renewed Israeli strikes on Lebanon raised doubts about the durability of a fragile Middle East ceasefire, while the Strait of Hormuz remains largely obstructed. Iranian media reported that oil tanker traffic through the strait had been suspended following the attacks, amid disputes between Tehran and the American-Israeli side over whether the truce extends to Lebanon. A senior Iranian official also stated that three provisions of the ceasefire agreement have already been breached. Meanwhile, US Vice President JD Vance said there are indications the strait may begin reopening as he leads a US delegation to Islamabad for direct talks with Iran this weekend. The near shutdown of Hormuz, which handles about 20% of global crude and gas flows, has triggered the most severe disruption in oil markets.
2026-04-08
Oil Plunges on 2-Week Ceasefire
WTI crude oil futures tumbled more than 15% to around $95 per barrel on Wednesday after President Donald Trump postponed his threat to strike Iranian civilian infrastructure by two weeks, describing the move as part of a “double-sided ceasefire” dependent on Iran reopening the Strait of Hormuz. Trump said the US had received a 10-point proposal from Tehran that he called a workable basis for negotiations, with the delay aimed at allowing time to finalize a potential agreement. Iran has agreed to reopen the strait temporarily if hostilities pause, with transit coordinated through its armed forces, while Israel is also reported to have accepted the arrangement. The near-closure of the vital waterway, through which about 20% of global oil flows, has roiled energy markets and heightened risks of rising inflation and a global economic slowdown. Meanwhile, a drone strike hit Saudi Arabia’s East West pipeline, a key route to the Red Sea that has helped bypass disruptions in the Gulf.
2026-04-08