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Barchart
Barchart
Rich Asplund

Crude Prices Slightly Lower as Oil Supplies Transit Through the Persian Gulf

Oil crude oil the Persian Gulf Gulf United States Iran the Strait of Hormuz Donald Trump OPEC EIA

September WTI crude oil (CLU26) today is down -0.03 (-0.03%), and September RBOB gasoline (RBU26) is up +0.0219 (+0.69%).

Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance today and turned slightly lower on signs that larger-than-expected volumes of crude oil are moving out of the Persian Gulf despite hostilities between the US and Iran. Crude prices also came under pressure on signs that Iran and Oman are close to signing a deal to reopen the Strait of Hormuz.

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