Gasoline RBOB Apr '25 (RBJ25)
Gasoline RBOB Futures Market News and Commentary
August WTI crude oil (CLQ26) on Tuesday closed up +1.68 (+2.02%), and August RBOB gasoline (RBQ26) closed up +0.0169 (+0.50%).
Crude oil and gasoline prices settled higher on Tuesday, with crude climbing to a 5-week high. Â Threats to global oil supplies are boosting crude oil prices 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 on Tuesday 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 on Tuesday also reported that Iran struck two vessels around the Strait of Hormuz. Gains in crude oil accelerated on Tuesday when several oil tankers turned back from transiting the Red Sea after warnings from Houthi militants in Yemen that th... Read more
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August WTI crude oil (CLQ26 ) on Tuesday closed up +1.68 (+2.02%), and August RBOB gasoline (RBQ26 ) closed up +0.0169 (+0.50%). Crude oil and gasoline...
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