# Crude Oil WTI

Type: Product (CL=F)

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/crude-oil-wti-f692bf
Canonical HTML page: https://getfinancebrief.com/entity/crude-oil-wti-f692bf

## Timeline

- **2026-10-08**: S&P 500 and Nasdaq end lower as crude jumps — WTI settles up 3.6% and Brent up 4.1% on Strait of Hormuz attacks and hurricane-related U.S. output cuts; chip stocks slump on FT OpenAI revenue report.
- **2026-10-06**: Nasdaq reaches record closing high — Two days before Thursday's decline, the tech-heavy index set a record close.
- **2026-09**: Federal Reserve hikes interest rates — First rate increase since July 2023, responding to inflation pressures from the Iran conflict and higher crude prices.

## Recent coverage (1 stories)

### S&P 500 Drops 0.46% to 7,765; Crude Jumps 3.6%, Nasdaq Off 1.24%
2026-10-09 17:30:47 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Stocks slid on October 8 as a crude oil supply shock and Fed rate-hike fears pressured risk assets. The S&P 500 lost 36 points while high-valuation chipmakers dragged the Nasdaq down 1.24% ahead of third-quarter earnings.
Full story: https://getfinancebrief.com/story/sp500-nasdaq-lower-crude-jump-oct-8-2026

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