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Barchart
Rich Asplund

Crude Prices Erase an Early Advance as Iranian Retaliation Appears Limited

Oil Iran United States OPEC Donald Trump

August WTI crude oil (CLQ25) today is down -0.73 (-0.99%), and August RBOB gasoline (RBQ25) is down -0.0129 (-0.56%).

Crude oil and gasoline prices today gave up sharp overnight gains and turned lower on speculation that Iran's response to the US bombing of its nuclear sites is unlikely to disrupt oil supplies from the Middle East significantly.  Crude prices today initially soared to a 5-1/4 month high in the initial reaction to the US strike over the weekend on Iran's nuclear facilities.  

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