WTI Crude Oil futures surge as Middle East hostilities escalate. 9/9/26

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. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/energy.html #CrudeOil #NaturalGas #EnergyMarkets