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Barchart
Barchart
Rich Asplund

Crude Oil Prices Edge Higher on Shaky Middle East Ceasefire

Oil Middle East Iran Israel OPEC United States

July WTI crude oil (CLN26) on Monday closed up +0.76 (+0.84%), and July RBOB gasoline (RBN26) closed up +0.0247 (+0.81%).

Crude oil prices settled higher on Monday amid a flare-up in hostilities between Iran and Israel that threatens to derail a truce and complicate negotiations to end the war. Dollar weakness on Monday ($DXY) also supported crude prices.

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