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Rich Asplund

Crude Prices Finish Sharply Higher on Doubts About Strait of Hormuz Reopening

Oil Iran United States OPEC Strait of Hormuz Oman Ukraine Missile Vortexa

September WTI crude oil (CLU26) closed up +2.07 (+2.75%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0997 (+3.51%).

Crude oil and gasoline prices settled sharply higher on Thursday amid uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack on a Saudi oil tanker by Houthi rebels gave crude oil prices a boost.

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