Markets · Commodity markets, July 8

Crude jumped hard through the session, with WTI up 6.13% to $74.76/bbl, as the U.S

Wednesday, July 8, 2026. From GEO's evening brief, after the close.

and Iran traded a second day of strikes and Trump declared the ceasefire over. The move rippled across products, with ULSD surging 13% on Russia's diesel export halt, while gold and silver fell as yields climbed. The EIA's report for the week ending July 3, released this morning, showed a distillate draw and record fuel-export strain in the backdrop.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.