Economic Signal — Crude oil markets swung sharply between $88.66 and $107.46 p — OpenWatch

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Economic Signal — Crude oil markets swung sharply between $88.66 and $107.46 p — OpenWatch

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Economiccrisis🇺🇸United States 🇮🇷IranMay 8, 2026

Crude oil markets swung sharply between $88.66 and $107.46 per barrel in a single week as traders reacted to escalating U.S.-Iran conflict and shipping disruptions in the Strait of Hormuz, with June WTI futures closing near $97 amid ongoing diplomatic uncertainty.

Severity: 5.5/10Source: Oil Price (Energy Intel)Location: Strait Of Hormuz

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