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Rich Asplund

Crude Prices Higher on Continued Hormuz Tensions

Oil United States Iran Donald Trump Strait of Hormuz Strait Abu Dhabi EIA IEA OPEC

September WTI crude oil (CLU26) is up +0.63 (+0.78%), and September RBOB gasoline (RBU26) is up +0.0316 (+1.01%).

Crude oil saw some support overnight after reports that two Abu Dhabi oil vessels were attacked by Iran on Thursday night while moving through the Strait of Hormuz.

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