Crude Oil WTI Oct '29 (CLV29)
Crude Oil WTI Futures Market News and Commentary
June WTI crude oil (CLM26) on Tuesday closed up +4.11 (+4.19%), and June RBOB gasoline (RBM26) closed up +0.0979 (+2.72%). Crude oil and gasoline prices settled sharply higher for a second day on Tuesday after President Trump cast doubt over the ceasefire with Iran, which could lead to the escalation of hostilities that keep the Strait of Hormuz closed.
Crude prices raced to their highs Tuesday afternoon when President Trump said, "Iran will make a deal or be decimated." Crude prices continue to climb after President Trump and Iran rejected each other's latest peace proposals to end the 10-week conflict. President Trump called Iran's response to his peace proposal a "piece of garbage" and said that the current ceasefire was on "life support."
Crude prices are also supported after President Trump said on Monday that the US may restart the operation as soon as this week to guide commercial ships through the Strait of Hormuz with naval and air support. Saudi Arabia and... Read more
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June WTI crude oil (CLM26 ) on Tuesday closed up +4.11 (+4.19%), and June RBOB gasoline (RBM26 ) closed up +0.0979 (+2.72%). Crude oil and gasoline prices...
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June WTI crude oil (CLM26 ) today is up +3.95 (+4.03%), and June RBOB gasoline (RBM26 ) is up +0.1110 (+3.08%). Crude oil and gasoline prices are moving...
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