August WTI crude oil rose $1.58 (+2.25%) and August RBOB gasoline gained 0.1109 (+3.97%) after erasing early losses and rallying on short covering. The move was triggered by a report of an unknown projectile off the coast, pointing to geopolitical risk premiums and flow-driven buying in energy futures.
August WTI crude oil rose $1.58 (+2.25%) and August RBOB gasoline gained 0.1109 (+3.97%) after erasing early losses and rallying on short covering. The move was triggered by a report of an unknown projectile off the coast, pointing to geopolitical risk premiums and flow-driven buying in energy futures.
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moderately positive
Sentiment Score
0.35
