October WTI crude oil (CLV26) is up +0.43 (+0.48%) today, and October RBOB gasoline (RBV26) is up +0.0126 (+0.40%).
Crude oil and gasoline prices are moving higher today, with crude oil posting a fresh 6-week high. Crude has support as hostilities escalated between the US and Iran, raising concerns about prolonged disruptions to energy flows through the Strait of Hormuz. Crude prices also gained after weekly EIA inventories unexpectedly declined. However, crude gains are limited amid signs of larger crude supplies leaving the Strait of Hormuz, easing supply concerns.
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#today #strait #energy #gasoline
Crude oil and gasoline prices are moving higher today, with crude oil posting a fresh 6-week high. Crude has support as hostilities escalated between the US and Iran, raising concerns about prolonged disruptions to energy flows through the Strait of Hormuz. Crude prices also gained after weekly EIA inventories unexpectedly declined. However, crude gains are limited amid signs of larger crude supplies leaving the Strait of Hormuz, easing supply concerns.
I've Been Taking a Beating on This AI Energy Stock. Here's Where I'm Looking to Add More Shares – and Why.
This Geothermal Stock Is Soaring Today After a Major Google Deal
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#today #strait #energy #gasoline
2 months ago
