Crude Oil Brent Mar '29 (CBH29)
Crude Oil Brent Futures Market News and Commentary
August WTI crude oil (CLQ26) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26) is up +0.0466 (+1.47%).
Crude oil and gasoline prices added to Monday’s gains today, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as the truce between the US and Iran collapsed and new attacks on shipping in the Strait of Hormuz are reducing traffic through the waterway and curbing global oil supplies. Crude prices fell from their highs after President Trump said he is replacing his 20% Hormuz cargo fee plan with trade deals.Â
Crude oil prices are climbing today after President Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz. US forces also launched another round of strikes against Iran today, and the UAE said two oil tankers were attacked by Iran in Omani waters while transiting the southern route of the strait.
However, crude prices relinquished most of their gains today after President Trum... Read more
Barchart · 47 minutes ago
August WTI crude oil (CLQ26 ) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26 ) is up +0.0466 (+1.47%). Crude oil and gasoline prices added...
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August WTI crude oil (CLQ26 ) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26 ) is up +0.0466 (+1.47%). Crude oil and gasoline prices added...