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9 results for “WTI crude”
WTI Crude Soars 11% in a Week as Hormuz Strait Remains Blocked
Global Economy
•May 16th, 2026

WTI Crude Soars 11% in a Week as Hormuz Strait Remains Blocked

Crude oil prices kept climbing on Saturday, with the U.S. West Texas Intermediate benchmark rising over 4.5% in a single day to around $106 per barrel – a weekly gain of almost 11%. The surge is being fueled by the de‑facto closure of the Strait of Hormuz, which has choked off most maritime traffic ...

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