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Rich Asplund

Crude Oil Prices Fall As Oil Continues to Flow Through Strait of Hormuz

Oil Strait of Hormuz International Energy Agency Iran Petrol United States EIA Oman OPEC OPEC+

December WTI crude oil (CLZ26) is down -0.89 (-0.91%), and December RBOB gasoline (RBZ26) is down -0.0190 (-0.62%).

Crude oil prices are trading lower as oil continues to transit the Strait of Hormuz despite stepped-up attacks by Iran. There are reports that another ship was struck near Oman, and Iran claimed that an oil supertanker hit a sea mine in the Strait of Hormuz.

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