October WTI crude oil (CLV26) is down -0.09 (-0.11%) today, and October RBOB gasoline (RBV26) is up +0.0079 (+0.27%).
Crude oil and gasoline prices are mixed today. Dollar strength is weighing on crude prices today after the dollar index rose to a 1-week high. Crude is also under pressure after Iran’s military said it reached a revenue-sharing agreement with Oman on reopening the Strait of Hormuz. Losses in crude are limited on concerns that Russian crude production could be disrupted further after Russian President Putin was said to be planning an escalation of his war in Ukraine.
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