Crude Oil Brent F Aug '24 (QAQ24)
Crude Oil Brent (F) Futures Market News and Commentary
August WTI crude oil (CLQ26) today is up +1.75 (+2.10%), and August RBOB gasoline (RBQ26) is up +0.0017 (+0.05%).
Crude oil and gasoline prices are pushing higher today, with crude climbing to a 5-week high. Â The threat to global oil supplies is boosting crude oil prices today as the US-Iran war has curbed oil tanker traffic through the Strait of Hormuz and threats by Houthi militants to blockade Saudi Arabia have reduced oil tanker traffic through the Red Sea.
The US and Iran exchanged strikes for a 10th consecutive day today as mediators sought to revive a truce, with the US targeting military command centers, launch sites and air defenses in Iran and Iran attacking US military sites in Kuwait and Jordan. The UK navy also reported today that Iran struck two vessels around the Strait of Hormuz. Gains in crude oil accelerated today after several oil tankers turned back from transiting the Red Sea after warnings from Houthi militants in Yemen that they would target ship... Read more
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August WTI crude oil (CLQ26 ) today is up +1.75 (+2.10%), and August RBOB gasoline (RBQ26 ) is up +0.0017 (+0.05%). Crude oil and gasoline prices are pushing...
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