October WTI crude oil (CLV26) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26) is up +0.0540 (+1.79%).
Crude oil and gasoline prices are mixed today, with gasoline climbing to a 3.5-week high. Crude prices are under mild pressure today as they consolidate below Thursday’s 1-month high. Comments today from Iranian President Masoud Pezeshkian weighed on crude prices when he said it would be better to end the war with dignity. Losses in crude are limited, and gasoline prices are supported by threats from President Trump to crush Iran’s economy, dampening any hopes of a resolution to the US-Iran war and the reopening of the Strait of Hormuz.
