August WTI crude oil (CLQ26) today is down -0.67 (-0.91%), and August RBOB gasoline (RBQ26) is down -0.0534 (-1.85%).
Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today's rally in the dollar index ($DXY) to a 13-month high is weighing on energy prices. Also, the resumption of crude supplies through the reopened Strait of Hormuz is easing global oil supply concerns and is weighing on crude prices. In addition, today's sell-off in global equity markets is bearish for economic growth and prospects for energy demand.
The Big Tech Investment Cycle is Shifting, and Chevron Just Wrote the Blueprint for the AI Power Trade.
Centrus Agreement Strengthens Oklo Stock's Nuclear AI Power Thesis
Crude Oil Prices Retreat as Global Supply Fears Recede
Crude oil and gasoline prices are under pressure today, with crude oil falling to a 3.5-month low. Today's rally in the dollar index ($DXY) to a 13-month high is weighing on energy prices. Also, the resumption of crude supplies through the reopened Strait of Hormuz is easing global oil supply concerns and is weighing on crude prices. In addition, today's sell-off in global equity markets is bearish for economic growth and prospects for energy demand.
The Big Tech Investment Cycle is Shifting, and Chevron Just Wrote the Blueprint for the AI Power Trade.
Centrus Agreement Strengthens Oklo Stock's Nuclear AI Power Thesis
Crude Oil Prices Retreat as Global Supply Fears Recede
3 months ago
