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CME Group Inc.

09/08/2026 | Press release | Distributed by Public on 09/08/2026 17:41

WTI Crude Oil futures reach 14-week high on Middle East tensions.

Bob Iaccino of Path Trading Partners breaks down the latest surge in WTI Crude Oil futures, with the October contract reaching a 14-week high of $94.73. Prices remain supported by escalating geopolitical tensions in the Middle East following a weekend of strikes involving tankers and warships. Additional support stems from renewed risks to energy infrastructure after attacks forced temporary shutdowns at several Saudi energy facilities, including the Jazan refinery. Iaccino explains how these combined risks to shipping and production are keeping crude oil prices elevated as the market navigates the ongoing uncertainty.
CME Group Inc. published this content on September 08, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 08, 2026 at 23:41 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]