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Barchart
Rich Asplund

Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz

Oil United States Iran OPEC Strait of Hormuz IEA

October WTI crude oil (CLV26) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26) closed down -0.0780 (-2.56%).

Crude oil and gasoline prices settled sharply lower on Monday on signs that crude supplies are moving through the Strait of Hormuz. Also, Monday’s dollar strength weighed on energy prices.

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