Dollar Weakness and Iran Concerns Boost Crude Oil Prices

Written on 07/01/2025
Rich Asplund

August WTI crude oil (CLQ25 ) today is up +0.30 (+0.46%), and August RBOB gasoline (RBQ25 ) is up +1.26 (+0.61%). Crude oil and gasoline prices are rising today after the dollar index (DXY00) fell to a 3 1/3-year low. Also, concern that Middle East tensions could flare up again...Stacked oil barrels by JONGHO SHIN via iStock
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