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Barchart
Barchart
Rich Asplund

Crude Oil Prices Slightly Lower on the Push to Reopen Strait of Hormuz

October WTI crude oil (CLV26) is down -0.04 (-0.05%) today, and October RBOB gasoline (RBV26) is up +0.04043 (+1.38%).

Crude oil and gasoline prices are mixed today, with crude oil falling to a 1.5-week low. Crude prices are slightly lower today, adding to this week’s losses, as Iran and Oman discussed a potential deal to resume shipping through the Strait of Hormuz. Crude prices recovered from their worst level, and gasoline erased early losses and turned higher on a bullish EIA inventory report.

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