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Barchart
Rich Asplund

Crude Oil Settles Higher on Diplomacy Doubts to End US-Iran War

Oil United States Iran Wall Street Journal Donald Trump OPEC Strait of Hormuz IEA Middle East Ukraine

October WTI crude oil (CLV26) closed up +1.30 (+1.58%) on Thursday, and October RBOB gasoline (RBV26) closed up +0.0298 (+1.01%).

Crude oil and gasoline prices settled higher on Thursday. Crude prices rallied Thursday after a Wall Street Journal report said the US has no interest in returning to the terms of the deal it signed with Iran in June, casting doubt on oil flows from the Middle East returning to normal anytime soon.

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