WTI Crude Surges 12% to $91 Amid Supply Fears and Shipping Disruptions

Key Facts

1WTI crude jumped 12% on Friday to close near $91 a barrel.

2Disrupted shipping and supply fears pushed crude prices toward the $100 mark.

Crude oil prices experienced a historic rally on Friday, with West Texas Intermediate (WTI) jumping by 12%. The benchmark closed near the $91 per barrel mark, marking one of the most significant single-day gains in recent history. This surge was primarily driven by major disruptions in global shipping routes and mounting fears regarding oil supply availability. Analysts suggest that these supply-side shocks are pushing prices rapidly toward the psychological $100 threshold. The energy sector, including instruments like BRENT and XLE, is seeing heightened volatility as markets react to the supply chain instability. Investors are closely monitoring the situation as the potential for sustained upward pressure on energy prices remains high.