July WTI crude rose $1.31 (+1.36%) and July RBOB gasoline gained 8.31 cents (+2.54%) as crude rebounded from a one-week low. Prices are being supported by the lack of a US-Iran peace deal and continued closure of the Strait of Hormuz, which is disrupting global oil supplies. The move is positive for energy markets and could lift near-term volatility across oil and refined products.
July WTI crude rose $1.31 (+1.36%) and July RBOB gasoline gained 8.31 cents (+2.54%) as crude rebounded from a one-week low. Prices are being supported by the lack of a US-Iran peace deal and continued closure of the Strait of Hormuz, which is disrupting global oil supplies. The move is positive for energy markets and could lift near-term volatility across oil and refined products.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
