Crude Oil WTI Jun '26 (CLM26)
Crude Oil WTI Futures Market News and Commentary
May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26) closed up +0.1120 (+3.73%). Â Crude oil and gasoline prices settled sharply higher on Monday after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to lift a naval blockade of Iran's vessels. Â Also, the US Navy fired upon and boarded an Iranian-flagged cargo ship in the Gulf of Oman, the first seizure in the US blockade of the Strait of Hormuz, which threatens to derail US-Iran peace talks. Â Crude prices extended their advance on Monday after President Trump said it's "highly unlikely" he will extend the ceasefire with Iran after Wednesday. Â
Escalating tensions in the Middle East are keeping the Strait of Hormuz closed and supporting energy prices. Â The UK reported Saturday that a tanker was approached by Iranian gunboats off the coast of Oman before being fired at, and an unknown projectile hit a container ship in a separate incident. Â In... Read more
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May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26 ) closed up +0.1120 (+3.73%). Crude oil and gasoline prices...
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