Crude Oil WTI Sep '12 (CLU12)
Crude Oil WTI Futures Market News and Commentary
October WTI crude oil (CLV26) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26) is up +0.0540 (+1.79%).
Crude oil and gasoline prices are mixed today, with gasoline climbing to a 3.5-week high. Crude prices are under mild pressure today as they consolidate below Thursday’s 1-month high. Comments today from Iranian President Masoud Pezeshkian weighed on crude prices when he said it would be better to end the war with dignity. Losses in crude are limited, and gasoline prices are supported 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.
Crude prices came under mild pressure today on comments from Iranian President Masoud Pezeshkian, who said, “It would be better to end the war today, now that we are strong and have dignity, with the whole world acknowledging our victory.”
On Thursday, President Trump threatened Iran and its trading partners with... Read more
Barchart · Fri Aug 21, 10:38AM CDT
October WTI crude oil (CLV26 ) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26 ) is up +0.0540 (+1.79%). Crude oil and gasoline prices are...
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