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Rich Asplund

Crude Prices Slip as More Supplies Leave the Middle East

Oil Middle East Petrol International Energy Agency United States Strait of Hormuz Gas Prices Iran OPEC OPEC+

November WTI crude oil (CLX26) is down -0.19 (-0.19%) today, and November RBOB gasoline (RBX26) is down -0.383 (-1.20%).

Crude oil and gasoline prices are sliding today, with crude retreating from a 3-week high and gasoline falling to a 2.5-week low. Signs of energy supplies leaving the Middle East are weighing on prices today. However, losses are contained amid a weaker dollar and concerns that escalating hostilities in the Middle East could disrupt regional energy supplies.

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