August WTI crude rose $1.23 (+1.78%) and August RBOB gasoline gained 7.32 cents (+2.59%) as escalating tensions in the Strait of Hormuz slowed oil tanker traffic. The disruption is pushing energy prices sharply higher and raises near-term supply risk across global crude and refined products markets.
August WTI crude rose $1.23 (+1.78%) and August RBOB gasoline gained 7.32 cents (+2.59%) as escalating tensions in the Strait of Hormuz slowed oil tanker traffic. The disruption is pushing energy prices sharply higher and raises near-term supply risk across global crude and refined products markets.
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Request DemoOverall Sentiment
moderately positive
Sentiment Score
0.35
