July WTI crude oil is up $3.14, or 3.20%, and July RBOB gasoline is up 3.21 cents, or 0.95%, as escalating US-Iran tensions raise concerns over a possible Strait of Hormuz disruption. The move is sharply supportive for energy prices and reflects elevated geopolitical risk premia in crude and refined products.
July WTI crude oil is up $3.14, or 3.20%, and July RBOB gasoline is up 3.21 cents, or 0.95%, as escalating US-Iran tensions raise concerns over a possible Strait of Hormuz disruption. The move is sharply supportive for energy prices and reflects elevated geopolitical risk premia in crude and refined products.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
