August WTI crude oil (CLQ26) on Tuesday closed up +1.89 (+2.76%), and August RBOB gasoline (RBQ26) closed down -0.0494 (-1.64%).
Crude oil and gasoline prices settled mixed on Tuesday. Crude oil prices jumped following attacks on shipping in and around the Strait of Hormuz. Gasoline prices retreated on Tuesday as the crude crack spread fell more than -5%. The crack spread had surged to a 4-year high on Monday.