July WTI crude oil (CLN26) today is down -1.92 (-2.51%), and July RBOB gasoline (RBN26) is down -0.0276 (-0.92%).
Crude oil and gasoline prices gave up overnight gains and are sharply lower. Crude prices retreated today on signs of progress in US-Iran peace talks, including a waiver on some Iranian oil sanctions. Also, the reopening of the Strait of Hormuz is allowing crude supplies to flow, easing global oil supply concerns. Crude prices initially opened higher in overnight trade when Iran threatened to suspend talks and close the Strait of Hormuz following Israeli attacks against Hezbollah in Lebanon, and after President Trump threatened military action against Iran if Hezbollah militants continue to attack Israel.
Centrus Agreement Strengthens Oklo Stock's Nuclear AI Power Thesis
Nat-Gas Prices Climb as US Weather Forecasts Turn Hotter
Crude Oil Prices Retreat as Global Supply Fears Recede
Crude oil and gasoline prices gave up overnight gains and are sharply lower. Crude prices retreated today on signs of progress in US-Iran peace talks, including a waiver on some Iranian oil sanctions. Also, the reopening of the Strait of Hormuz is allowing crude supplies to flow, easing global oil supply concerns. Crude prices initially opened higher in overnight trade when Iran threatened to suspend talks and close the Strait of Hormuz following Israeli attacks against Hezbollah in Lebanon, and after President Trump threatened military action against Iran if Hezbollah militants continue to attack Israel.
Centrus Agreement Strengthens Oklo Stock's Nuclear AI Power Thesis
Nat-Gas Prices Climb as US Weather Forecasts Turn Hotter
Crude Oil Prices Retreat as Global Supply Fears Recede
3 months ago
