World Oil Prices Today, April 9, 2026, Jump as Much as 3%
Jakarta, Pintu News – Danske’s research team notes that Brent oil prices fell sharply after initial news of a ceasefire between Iran and Israel, but remain highly sensitive to the risk of supply disruptions from the Middle East. The Strait of Hormuz remains closed, with Iran signaling a possible reopening later this week.
Analysts also highlighted that the infrastructure damage reported so far appears manageable, but market attention remains on the smooth flow of oil supplies.
World Oil Price Today
World crude oil prices showed solid gains in the latest trade. Crude Oil was recorded at 97,649 USD per barrel, up 3,239 points or about 3.43% on the day. Meanwhile, Brent also moved higher to 97.794 USD per barrel, with an increase of 3.045 points or 3.21%.
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The increase in both oil benchmarks indicates a positive energy market sentiment in the short term. Crude Oil recorded a slightly higher percentage increase than Brent, although Brent prices are still slightly above Crude Oil.
Overall, this data reflects that the oil market is experiencing a fairly strong upward push, both in terms of price and daily performance.
Brent trims weakness amid looming risks
Global markets had responded positively after Brent oil prices fell 14% to 95 dollars per barrel, while stock markets surged to a one-month high following President Trump’s announcement of a two-week ceasefire on Tuesday night (7/4/26).
The Strait of Hormuz remains unopened, although Iran has signaled that the passage could potentially reopen by the end of this week, depending on the development of further deals.
At the same time, Brent futures also edged up to 97 dollars per barrel. So far, the oil market has tended to react quite calmly, which indicates that the reported damage is likely to remain at a manageable level.
However, market participants are keeping a close eye on any signs of increased ship traffic in the Strait of Hormuz in the next few days.
CVXON: Tokenization of Oil Company Shares
As blockchain technology develops, assets that were previously associated with traditional commodity markets are now starting to appear in digital format, including assets related to the energy sector and oil prices.
One relevant example in this context is Chevron (CVXON). As a global energy company, Chevron’s business activities span the entire value chain of the oil and gas industry, from upstream exploration and production to refining, distribution, marketing, transportation, petrochemicals and power development.
In the blockchain ecosystem, exposure to Chevron is now also available through CVXON (Chevron Tokenized Stock), a tokenized digital representation of Chevron Corporation shares issued by Ondo Finance. Through this asset, investors, especially outside the United States, can gain access to Chevron’s stock price movements.
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*Disclaimer
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Reference:
- FX Street. Oil: Ceasefire confusion keeps supply risks elevated – Danske Bank. Accessed on April 9, 2026