May WTI crude rose $3.40, or 3.72%, and May RBOB gasoline gained 9.45 cents, or 3.08%, as the US naval blockade of the Strait of Hormuz entered its fourth day and threatened supply flows. The article points to a geopolitically driven oil rally with direct implications for global energy markets and refined products.
May WTI crude rose $3.40, or 3.72%, and May RBOB gasoline gained 9.45 cents, or 3.08%, as the US naval blockade of the Strait of Hormuz entered its fourth day and threatened supply flows. The article points to a geopolitically driven oil rally with direct implications for global energy markets and refined products.
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moderately positive
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