Iran Concerns and Dollar Weakness Support Crude Oil Prices

Written on 07/01/2025
Rich Asplund

August WTI crude oil (CLQ25 ) Tuesday closed up +0.34 (+0.52%), and August RBOB gasoline (RBQ25 ) closed up +2.82 (+1.36%). Crude oil and gasoline prices settled higher Tuesday after the dollar index (DXY00 ) fell to a 3 1/3-year low. Also, concerns that Middle East tensions could flare up...The index of oil up by Pashalgnatov via istock
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