International oil prices rose 35.6% in a single week, breaking through $90 and marking the largest weekly increase in history.

CycleProphet · 2026-03-07T06:46:26+00:00

On March 7th, U.S. WTI crude oil futures rose by 12.67%, reaching $91.27, up 35.6% from before the escalation of the US-Iran war, marking the highest weekly increase since 1983; Brent crude oil increased by 9.26% to $93.32, with a weekly gain of 27.5%, reaching a new high since 1990.

CycleProphet

2026-03-07 06:46:26

Abstract generation in progress

Deep Tide TechFlow News, March 7th, reports that U.S. WTI crude oil futures main contract rose 12.67% in a single day to $91.27 per barrel, a 35.6% increase since the escalation of the U.S.-Iran war on February 28th, marking the highest weekly gain for this futures contract since its inception in 1983. The UK Brent crude oil futures main contract rose 9.26% in a single day to $93.32 per barrel, with a weekly increase of 27.5%, the highest weekly gain since 1990.

Looking back at history, after the outbreak of the Russia-Ukraine conflict in late February 2022, both Brent and WTI saw maximum weekly increases of about 25% in early March; during the Gulf War in August 1990, Brent spot prices rose as much as 26% in a week. The U.S.-Iran war has caused weekly crude oil price increases that have broken all previous records.

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