WTI swings near $100 on supply fears and de-escalation hopes: Oct 22, 2026
WTI rose above $99.00 to a monthly high near $100.50 as warnings of a wider blockade, attacks on oil tankers and drone attacks fed Middle East supply fears, with prices holding above $98.50 alongside a U.S. inventory draw. WTI later plunged as a U.S.-Iran compromise proposal raised hopes of de-escalation.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the WTI page.
Headlines (8)
First seen on October 22
Carried over from earlier days
- WTI rises above $99.00 as Iran warns of wider blockadeFXStreet
- WTI posts fresh monthly high near $100.50 as Iran continues attacks on oil tankersFXStreet
- WTI Oil plunges as US-Iran compromise proposal raises hopes of de-escalationFXStreet
- WTI holds gains above $98.50 amid Middle East supply risksFXStreet
- Oil Prices Climb Above $110 as Middle East Supply Fears PersistInvesting.com
- WTI Oil approaches $99 amid fears of supply disruptions from Gulf countriesFXStreet
- Oil prices rise on M.East tensions, U.S. inventory drawHellenic Shipping News
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| Foreign Direct Investment ytd/y | CNY | |
| Unemployment Claims | 200K | USD |
| IPPI m/m | 0.9% | CAD |
| RMPI m/m | 3.1% | CAD |
| NHPI m/m | -0.1% | CAD |
| CB Leading Index m/m | -0.1% | USD |
| Natural Gas Storage | 80B | USD |
| Friday, October 23 | ||
| NHPI m/m | CAD | |