WTI crude for August (CLQ26) is up +0.81 (+1.04%) and August RBOB gasoline (RBQ26) is up +0.0466 (+1.47%), extending Monday’s gains. Oil is printing a 1-month high and gasoline a 1.5-month high as crude strength is attributed to improving geopolitical conditions (the “truce”). The move is likely supportive for energy-linked equities and refining spreads near term.
WTI crude for August (CLQ26) is up +0.81 (+1.04%) and August RBOB gasoline (RBQ26) is up +0.0466 (+1.47%), extending Monday’s gains. Oil is printing a 1-month high and gasoline a 1.5-month high as crude strength is attributed to improving geopolitical conditions (the “truce”). The move is likely supportive for energy-linked equities and refining spreads near term.
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mildly positive
Sentiment Score
0.25
