Crude Oil Brent Mar '29 (CBH29)
Crude Oil Brent Futures Market News and Commentary
September WTI crude oil (CLU26) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26) closed up +0.1501 (+5.03%).
Crude oil and gasoline prices rallied sharply on Monday, with gasoline soaring to a 1-week high. The lack of an agreement between Iran and Oman to reopen the Strait of Hormuz is limiting crude supplies from the Middle East and is boosting oil prices. Also, an attack on a Saudi oil refinery by Houthi militants is further straining global fuel supplies and is pushing energy prices higher.
Crude prices raced to their highs Monday afternoon when President Trump spoke out against Iran’s demand for compensation from the war, dimming hopes of a quick deal to reopen the Strait of Hormuz. In response to Iran’s demand for compensation, President Trump said he will “demand compensation from Iran for people killed and wounded with roadside bombs and many conflicts to people in Lebanon, Syria, Yemen and Gaza over the last 50 years.”
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Barchart · 27 minutes ago
If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.
Barchart · Mon Aug 10, 2:16PM CDT
September WTI crude oil (CLU26 ) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26 ) closed up +0.1501 (+5.03%). Crude oil and gasoline...
Barchart · Mon Aug 10, 2:15PM CDT
September Nymex natural gas (NGU26 ) closed up +0.132 (+4.96%) on Monday. Nat-gas prices settled sharply higher on Monday on the outlook for much hotter...
Barchart · Mon Aug 10, 10:35AM CDT
September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices...
Barchart · Mon Aug 10, 10:28AM CDT
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Barchart · Mon Aug 10, 9:38AM CDT
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Barchart · 15 minutes ago
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Barchart · 27 minutes ago
If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.
Barchart · 39 minutes ago
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Barchart · Mon Aug 10, 6:30PM CDT
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