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Barchart
Barchart
Rich Asplund

Crude Oil Prices Climb as Global Supplies Are Disrupted

Oil OPEC United States Strait of Hormuz Russia Ukraine Vortexa

September WTI crude oil (CLU26) today is up +1.65 (+1.97%) on Thursday, and September RBOB gasoline (RBU26) is down -0.0103 (-0.33%).

Crude oil and gasoline prices are mixed today. Crude oil is sharply higher due to threats to global supplies with disruptions in the Strait of Hormuz and the Red Sea. Also, concerns about the safety of exporting crude through the Caspian Pipeline Consortium are boosting crude after several tankers were attacked by Ukrainian drones sailing to the terminal.

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