Crude Oil WTI Jun '21 (CLM21)
Crude Oil WTI Futures Market News and Commentary
August WTI crude oil (CLQ26) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26) is up +0.1036 (+3.47%).
Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after President Trump said the US was reimposing a blockade on Iranian ships transiting the Strait of Hormuz.
Crude prices jumped today after the US, over the weekend, launched fresh missile attacks against Iran, targeting Iranian air-defense systems, coastal radar sites, and missile and drone capabilities. Iran launched retaliatory missile and drone attacks at targets in Jordan, Bahrain, Kuwait, and Qatar. Iran also attacked two vessels attempting to transit the Strait of Hormuz.
Crude oil prices added to their gains today after President Trump said the US is reinstating the Iranian blockade and stopping Iranian ships from using the Strait of Hormuz. He added that otherwise the strait... Read more
Barchart · 13 minutes ago
Fervo Energy's stock has a very high valuation and a significant logistical obstacle.
Barchart · 30 minutes ago
August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up...
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Barchart · 13 minutes ago
Fervo Energy's stock has a very high valuation and a significant logistical obstacle.
Barchart · 30 minutes ago
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