Crude Oil WTI Mini Aug '26 (QMQ26)
Crude Oil WTI Mini Futures Market News and Commentary
August WTI crude oil (CLQ26) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26) closed down -0.0494 (-1.64%).
Crude oil and gasoline prices settled mixed on Tuesday. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz.  Gasoline prices retreated on Tuesday as the crude crack spread fell more than -5%. The crack spread had surged to a 4-year high on Monday.
Crude prices rallied sharply higher on Tuesday after Axios reported that a projectile hit a Qatari LNG gas carrier and a laden Saudi oil tanker suffered damage near the Omani coast as they exited the Strait of Hormuz. Axios also reported earlier that Iran fired at least two missiles at commercial ships transiting through the strait.  Crude prices may add to their gains if the US responds to Iran over the attacks.
Crude oil prices raced to their high Tuesday afternoon when the US Treasury Department revoked the Iran oil waiver that allowed buyers to legally... Read more
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August WTI crude oil (CLQ26 ) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26 ) closed down -0.0494 (-1.64%). Crude oil and gasoline...
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