October WTI crude oil (CLV26) closed up +0.79 (+0.88%) on Wednesday, and October RBOB gasoline (RBV26) closed down -0.0313 (-1.00%).
Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a fresh 6-week high. Crude prices rallied Wednesday 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 were limited amid signs of larger crude supplies leaving the Strait of Hormuz, easing supply concerns.
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#prices #hormuz #energy #closed
Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a fresh 6-week high. Crude prices rallied Wednesday 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 were limited amid signs of larger crude supplies leaving the Strait of Hormuz, easing supply concerns.
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As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#prices #hormuz #energy #closed
8 days ago
