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Rich Asplund

Crude Oil Prices Jump on Uncertainty Over Middle East Supplies

Oil Iran Missile OPEC United States Strait of Hormuz Ukraine Oman Vortexa

September WTI crude oil (CLU26) is up +1.83 (+2.43%) today, and September RBOB gasoline (RBU26) is up +0.0777 (+2.74%).

Crude oil and gasoline prices are climbing today on uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack on a Saudi oil tanker by Houthi rebels is giving crude oil prices a boost.

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