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US Crude Futures Fall $4.45 or 3.94% to $108.50/bbl on Open

Published by Global Banking & Finance Review®

Posted on April 7, 2026

1 min read

Last updated: April 7, 2026

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US crude futures fall $4.45 or 3.94% to $108.50/bbl on open - Finance news and analysis from Global Banking & Finance Review

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Quick Summary

U.S. WTI crude futures tumbled $4.45 (3.94%) to $108.50/bbl in early April 8 trading, pressured by escalating tensions and a looming Trump-imposed deadline for Iran to reopen the Strait of Hormuz.

US Crude Futures Plunge Nearly 4% to $108.50 with Iran in Focus

Market Reaction to Iran Strait of Hormuz Deadline

Early Trading Activity and Price Movements

PERTH, April 8 (Reuters) - U.S. West Texas Intermediate crude oil fell in early trade on Wednesday, roughly two hours ahead of U.S. President Donald Trump's deadline for Iran to open the Strait of Hormuz.

WTI Crude Price Details

WTI crude dated for May delivery fell $4.45, or 3.94%, to $108.50 per barrel as of 2216 GMT.

Reporting and Editorial Credits

(Reporting by Helen Clark; Editing by Chris Reese)

Key Takeaways

•Crude’s drop reflects heightened geopolitical risk tied to Trump’s ultimatum to Iran on the Strait of Hormuz reopening (lemonde.fr)
•Prior to the decline, WTI had climbed above $110 amid fears of maritime disruptions and supply constraints (theguardian.com)
•The wider oil market has remained highly volatile as both sides trade threats while international energy flows hang in the balance (axios.com)

References

Frequently Asked Questions about US crude futures fall $4.45 or 3.94% to $108.50/bbl on open

1How much did US crude futures fall in early trade?

US West Texas Intermediate crude futures fell by $4.45, or 3.94%, to $108.50 per barrel.

2What was the reason for the drop in US crude futures?

The drop occurred roughly two hours before President Donald Trump's deadline for Iran to open the Strait of Hormuz.

3At what price did WTI crude for May delivery trade?

WTI crude for May delivery traded at $108.50 per barrel as of 2216 GMT.

4Who reported the news on the crude oil price drop?

The report was written by Helen Clark and edited by Chris Reese.

Editorial & Advertiser disclosure

Finance

US Crude Futures Fall $4.45 or 3.94% to $108.50/bbl on Open

Published by Global Banking & Finance Review®

Posted on April 7, 2026

1 min read

Last updated: April 7, 2026

Add as preferred source on Google

Tags:Finance Banking Markets

Quick Summary

U.S. WTI crude futures tumbled $4.45 (3.94%) to $108.50/bbl in early April 8 trading, pressured by escalating tensions and a looming Trump-imposed deadline for Iran to reopen the Strait of Hormuz.

US Crude Futures Plunge Nearly 4% to $108.50 with Iran in Focus

Market Reaction to Iran Strait of Hormuz Deadline

Early Trading Activity and Price Movements

WTI Crude Price Details

WTI crude dated for May delivery fell $4.45, or 3.94%, to $108.50 per barrel as of 2216 GMT.

Reporting and Editorial Credits

(Reporting by Helen Clark; Editing by Chris Reese)

Key Takeaways

•Crude’s drop reflects heightened geopolitical risk tied to Trump’s ultimatum to Iran on the Strait of Hormuz reopening (lemonde.fr)
•Prior to the decline, WTI had climbed above $110 amid fears of maritime disruptions and supply constraints (theguardian.com)
•The wider oil market has remained highly volatile as both sides trade threats while international energy flows hang in the balance (axios.com)

References

Frequently Asked Questions about US crude futures fall $4.45 or 3.94% to $108.50/bbl on open

1How much did US crude futures fall in early trade?

US West Texas Intermediate crude futures fell by $4.45, or 3.94%, to $108.50 per barrel.

2What was the reason for the drop in US crude futures?

The drop occurred roughly two hours before President Donald Trump's deadline for Iran to open the Strait of Hormuz.

3At what price did WTI crude for May delivery trade?

WTI crude for May delivery traded at $108.50 per barrel as of 2216 GMT.

4Who reported the news on the crude oil price drop?

The report was written by Helen Clark and edited by Chris Reese.