Petroleum & West Texas Intermediate
27 shared events · Importance 11 · Last updated May 09, 2026
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International
Petroleum: The price of Petroleum has surged due to the Iran war, directly impacting gasoline, diesel, and jet fuel prices globally.
West Texas Intermediate: Benchmark U.S. crude (West Texas Intermediate) prices also rose sharply, reflecting the global energy shock from the Iran war.
Apr 15, 2026 · 59 articles
International
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
West Texas Intermediate: West Texas Intermediate crude oil prices have increased following the United States' decision to blockade Iranian ports, indicating market anxiety over potential supply shortages.
Apr 08, 2026 · 307 articles
International
Petroleum: Petroleum prices plunged following the ceasefire agreement and the temporary reopening of the Strait of Hormuz, after weeks of price increases due to the Middle East war.
West Texas Intermediate: West Texas Intermediate crude prices sank significantly due to the ceasefire and the expected reopening of the Strait of Hormuz.
Apr 07, 2026 · 79 articles
International
Petroleum: The withdrawal of United Arab Emirates from OPEC could lead to increased supply of Petroleum in the medium term, potentially putting downward pressure on prices, though short-term effects are uncertain due to geopolitical tensions.
West Texas Intermediate: West Texas Intermediate crude prices have seen volatility due to the Iran war and supply constraints, with the United Arab Emirates' departure from OPEC potentially influencing future price dynamics.
Apr 28, 2026 · 222 articles
International
Petroleum: Global petroleum shipments are severely disrupted by the standoff in the Strait of Hormuz, leading to increased prices and economic fallout.
West Texas Intermediate: West Texas Intermediate crude prices have risen significantly due to the disruption of oil shipments caused by the Strait of Hormuz standoff.
Apr 26, 2026 · 104 articles
International
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
West Texas Intermediate: West Texas Intermediate crude prices have been highly volatile due to the conflict and the Strait of Hormuz blockade, reflecting market uncertainty and supply disruptions.
Apr 11, 2026 · 283 articles
International
Petroleum: US crude oil futures fell below $100 per barrel after the announcement of a pause in 'Project Freedom', reflecting market reaction to potential de-escalation in the Strait of Hormuz conflict.
West Texas Intermediate: West Texas Intermediate oil prices extended losses and dipped below $100 a barrel, indicating a positive market reaction to the de-escalation efforts.
May 06, 2026 · 31 articles
International
Petroleum: The conflict and blockade of Iranian ports directly impact the trade and supply of Petroleum, particularly through the Strait of Hormuz.
West Texas Intermediate: The price of West Texas Intermediate (US-traded crude) rose by 2.3% to $97 due to concerns over military action in the Strait of Hormuz, a critical trade route for oil and gas.
Apr 22, 2026 · 36 articles
International
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
West Texas Intermediate: West Texas Intermediate crude futures rose due to renewed fighting and tensions in the Strait of Hormuz, reflecting market concerns over oil supply disruptions.
May 04, 2026 · 139 articles
International
Petroleum: The conflict and the closure of the Strait of Hormuz have significantly impacted global petroleum supplies and prices, leading to market volatility.
West Texas Intermediate: US West Texas Intermediate for May fell due to expectations that US-Iran peace talks would resume, indicating a positive market reaction to potential de-escalation.
Apr 08, 2026 · 702 articles
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