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ConfirmedShipping, energy & marketsBackgroundChicago, United States

U.S. crude tops $100 a barrel as trading reopens, with Brent above $106

Mountain Time
Local time
5:27 PM in Chicago
Where
Chicago, United States

West Texas Intermediate traded at about $101.02 shortly after the Chicago Mercantile Exchange reopened Sunday evening, up 2.3% from Friday's close, while Brent was at $106.39. Both benchmarks were up more than 40% since the war began.

Why it matters

Prices eased the next day, with WTI settling at $93.50 after topping $102, showing how sharply markets were swinging on each Hormuz headline.

Sources (3)

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