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Barchart
Barchart
Rich Asplund

Crude Oil Prices Sink as Supplies Out of the Persian Gulf Accelerate

Oil crude oil the Persian Gulf Persian Gulf United States OPEC

August WTI crude oil (CLQ26) today is down -3.18 (-4.42%), and August RBOB gasoline (RBQ26) is down -0.1009 (-3.48%).

Crude oil and gasoline prices are plunging today, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is boosting global oil supplies and hammering prices.

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