---
title: "WTI crude oil's increase expanded to 8%, report: Kuwait reduces some oil production due to depleted storage capacity"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/278116676.md"
description: "On March 6th, due to Kuwait reducing some oil production because of limited storage capacity, coupled with the interruption of liquefied natural gas supply from Qatar, WTI crude oil's increase expanded to 8%. This week, WTI crude oil has risen nearly 30%, while Brent crude oil has increased over 23%. The main risk facing the market is the continued closure of the Strait of Hormuz, which carries about one-fifth of global oil transportation, as shipping has nearly come to a standstill due to the US-Iran conflict"
datetime: "2026-03-06T14:15:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278116676.md)
  - [en](https://longbridge.com/en/news/278116676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278116676.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278116676.md) | [English](https://longbridge.com/en/news/278116676.md)


# WTI crude oil's increase expanded to 8%, report: Kuwait reduces some oil production due to depleted storage capacity

On March 6th, according to The Wall Street Journal, Kuwait has reduced some oil production due to limited storage capacity, coupled with disruptions in Qatar's liquefied natural gas supply, pushing oil prices further up, with WTI crude oil rising by 8%. Since the beginning of this week, WTI crude oil has increased by nearly 30%, while Brent crude oil has risen by over 23%.

The main tail risk currently facing the market remains the continued closure of the Strait of Hormuz. This maritime passage carries about one-fifth of global crude oil transportation, and with the ongoing escalation of the US-Iran conflict, shipping through the strait has nearly come to a standstill.

More news will be updated continuously.

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