April WTI futures dropped $3.35 (-3.39%) and April RBOB fell $0.0033 (-0.11%) as crude prices slumped on reports that several oil tankers safely navigated the Strait of Hormuz. Easing Strait-of-Hormuz transit risks reduced near-term supply concerns, pressuring oil prices and weighing on energy market sentiment.
April WTI futures dropped $3.35 (-3.39%) and April RBOB fell $0.0033 (-0.11%) as crude prices slumped on reports that several oil tankers safely navigated the Strait of Hormuz. Easing Strait-of-Hormuz transit risks reduced near-term supply concerns, pressuring oil prices and weighing on energy market sentiment.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
