Crude Oil Brent Oct '26 (CBV26)
Crude Oil Brent Futures Market News and Commentary
October WTI crude oil (CLV26) closed up +0.23 (+0.26%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0377 (+1.25%).
Crude oil and gasoline prices settled higher on Friday, with gasoline posting a 3.5-week high. Crude prices were supported on Friday by threats from President Trump to crush Iran’s economy, dampening any hopes of a resolution to the US-Iran war and the reopening of the Strait of Hormuz. However, gains were limited on Friday due to comments from Iranian President Masoud Pezeshkian, who called for an end to the US-Iran war.
On Thursday, President Trump threatened Iran and its trading partners with economic isolation. Mr. Trump said any country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face tremendous consequences. Markets await Monday’s press conference, when US Treasury Secretary Bessent said the administration would give details on plans to isolat... Read more
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October WTI crude oil (CLV26 ) closed up +0.23 (+0.26%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0377 (+1.25%). Crude oil and gasoline...
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