Crude Oil WTI Sep '26 (CLU26)
Crude Oil WTI Futures Market News and Commentary
September WTI crude oil (CLU26) is up +1.83 (+2.43%) today, and September RBOB gasoline (RBU26) is up +0.0777 (+2.74%).
Crude oil and gasoline prices are climbing today on uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack on a Saudi oil tanker by Houthi rebels is giving crude oil prices a boost.
Crude prices are rising today on concerns about oil supplies from the Middle East after Yemen's Houthi rebels said they targeted a Saudi oil tanker with a ballistic missile today in the Gulf of Aden. The Houthis said they will escalate attacks on Saudi oil tankers in the northern Red Sea to prevent them from transiting the area.
The markets are waiting for news of an Iran-Oman agreement to partially reopen the Strait of Hormuz. A joint statement from the two countries is under review, and the route would remain active for two to four months, though the agreement does not mean a full reopening, accordin... Read more
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