Crude Oil WTI Apr '26 (CLJ26)
Crude Oil WTI Futures Market News and Commentary
October WTI crude oil (CLV26) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26) closed down -0.0780 (-2.56%).
Crude oil and gasoline prices settled sharply lower on Monday on signs that crude supplies are moving through the Strait of Hormuz. Also, Monday’s dollar strength weighed on energy prices.
Crude prices were under pressure on Monday after Axios reported that about 40 tankers transited out of the Strait of Hormuz last Friday night, transporting around 16 million bbl of crude. Also, the Joint Maritime Information Center cut the threat level for shipping in the Gulf of Oman to “moderate,” one step lower than the previous assessment. The moderate assessment means the threat of attack on shipping off the coast of Oman is possible but not likely.
US Treasury Secretary Scott Bessent on Monday said that the US announced a campaign to sever Iran from the global economy, warning that any country doing business with Iran risks facing US sanct... Read more
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Barchart · Mon Aug 24, 2:16PM CDT
October WTI crude oil (CLV26 ) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26 ) closed down -0.0780 (-2.56%). Crude oil and gasoline...
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