August WTI crude rose $1.52 (+2.20%) to close higher, while August RBOB gasoline gained 7.53 cents (+2.66%) on Monday. Prices rallied as escalating tensions in the Strait of Hormuz slowed the flow of oil tankers, raising supply disruption risks. The move is supportive for energy markets and could lift volatility across crude and refined products.
August WTI crude rose $1.52 (+2.20%) to close higher, while August RBOB gasoline gained 7.53 cents (+2.66%) on Monday. Prices rallied as escalating tensions in the Strait of Hormuz slowed the flow of oil tankers, raising supply disruption risks. The move is supportive for energy markets and could lift volatility across crude and refined products.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
