West Texas Intermediate (WTI) crude futures for June 2026 are trading near $101 per barrel. Modest contango indicates balanced near-term supply and demand despite macro uncertainty. No contract-specific changes or corporate announcements occurred on May 13, 2026.
Brent crude reached approximately $108 per barrel following the closure of the Strait of Hormuz. Escalating U.S.–Iran tensions continue to tighten global supply expectations and support WTI levels.
April Consumer Price Index (CPI) data showed a 3.8% year-over-year increase. A sharp jump in the Producer Price Index (PPI) has effectively removed expectations for Federal Reserve rate cuts in 2026. Crude oil prices are currently moving as a barometer for energy-driven inflation and broader risk dynamics.