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Business
WTI Crude Oil Surges 9.4% on July 13, 2026—Strongest Gain in Over 3 Months
Business Desk · · 30s summary · 2 min read
The essentials
West Texas Intermediate (WTI), the benchmark crude oil for the U.S. market, surged 9.4% on Monday, July 13, 2026, marking its strongest single-day gain in over three months. The intensification of tensions between the United States and Iran has reignited concerns over energy supply disruptions and potential inflation acceleration. The S&P 500 stock index declined 0.8% during the same trading session. Early in Asian trading on July 14, WTI consolidated its gains, while Asian index futures signaled further declines.
- WTI surged 9.4% on July 13, 2026—strongest single-day gain in over 3 months.
- US-Iran tensions intensify fears of energy supply disruptions and inflation acceleration.
- S&P 500 fell 0.8%; Asian index futures signal further declines.
- WTI consolidates gains in early Asian trading on July 14; S&P 500 futures stable.
What We Know
West Texas Intermediate (WTI)—crude oil used as a pricing standard for crude and the underlying asset for futures contracts on the New York Mercantile Exchange—jumped 9.4% on Monday, July 13, 2026, according to Bloomberg. This marks its strongest single-day gain in over three months.
The escalation of tensions between Washington and Tehran is fueling concerns about energy supply disruptions that could accelerate inflation.
Market Reaction
Stock markets moved in the opposite direction. The U.S. benchmark S&P 500 index fell 0.8% during the same trading session.
In Asia, index futures signaled further declines for July 14 trading. During the previous session, a regional Asian index had already recorded its steepest fall in over two weeks.
Early in Asia's trading session on July 14, WTI remained little changed, consolidating the previous day's gains. S&P 500 futures contracts were stable.
WTI (crude oil)9.4
S&P 500-0.8
Timeline
- Trading session prior to July 13, 2026A regional Asian stock index records its steepest decline in over two weeks, signaling early mounting concerns over US-Iran tensions.
- July 13, 2026WTI jumps 9.4%, its strongest single-day gain in over three months. The S&P 500 falls 0.8%.
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