August WTI crude oil (CLQ26) today is up +1.23 (+1.78%), and August RBOB gasoline (RBQ26) is up +0.0732 (+2.59%).
Crude oil and gasoline prices are moving sharply higher today amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the strait. Crude prices also found support today from a weaker dollar and strength in equity markets. Crude prices fell back from their best level after the US and Iran backed away from a fresh escalation of hostilities and agreed to stop attacking each other.
Stronger US Production Knocks Nat-Gas Prices Lower
Reduced Tanker Flows Through Strait of Hormuz Boosts Crude Prices
Here Is How to Play FuelCell Energy Stock After the Jefferies Upgrade
Crude oil and gasoline prices are moving sharply higher today amid escalating tensions in the Strait of Hormuz, which have slowed the flow of oil tankers through the strait. Crude prices also found support today from a weaker dollar and strength in equity markets. Crude prices fell back from their best level after the US and Iran backed away from a fresh escalation of hostilities and agreed to stop attacking each other.
Stronger US Production Knocks Nat-Gas Prices Lower
Reduced Tanker Flows Through Strait of Hormuz Boosts Crude Prices
Here Is How to Play FuelCell Energy Stock After the Jefferies Upgrade
3 months ago
