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Market Impact: 0.35

Crude Oil Prices Rally as Strait of Hormuz Remains Closed

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesGeopolitics & WarMarket Technicals & Flows

May WTI crude is up $0.91 (+0.88%) and May RBOB gasoline is up $0.0178 (+0.56%), with crude marking a three-week high. Prices rose after President Trump said he is willing to end the US military campaign, a geopolitical signal that is providing modest upside to energy futures; monitor for follow-through and further geopolitical updates.

Analysis

May WTI crude is up $0.91 (+0.88%) and May RBOB gasoline is up $0.0178 (+0.56%), with crude marking a three-week high. Prices rose after President Trump said he is willing to end the US military campaign, a geopolitical signal that is providing modest upside to energy futures; monitor for follow-through and further geopolitical updates.

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