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Thursday, March 5, 2026

Day 6: WTI Spikes -- March 5, 2026

Locator: 50144WTI.

WTI: just spiked 5.61%; spiked $4.19 / bbl; now trading at $78.85

Comes after the Strait of Hormuz grinds to a halt after Iran launches huge number of retaliatory strikes against Israel and US air bases in the region following US sinking of Iranian frigate. Azerbaijan also struck.