Rich Asplund on 08/12/2026

Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3

September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline prices closed higher on Wednesday as the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will

R Rich Asplund
Rich Asplund on 08/12/2026

Crude Prices Ease on US Crude Oil Inventory Surge

September WTI crude oil (CLU26) is down -0.19 (-0.23%), and September RBOB gasoline (RBU26) is down -0.0276 (-0.88%). Crude oil and gasoline prices are trading lower today on the surge in US oil inventories seen in the weekly EIA inventory report. Oil prices found support today after the Internatio

R Rich Asplund
Daniel White on 08/12/2026

Oil Gains as IEA Flags Accelerating Stockpile Drawdowns

Crude drifted higher on light news flow, with a weaker dollar and a fresh IEA report showing global oil stocks falling at twice the previously expected pace doing most of the work. There's also an unconfirmed rumor that Iran attempted to fire a surface to air missile at Trump while he was in Turkey,

D Daniel White
Neha Panjwani on 08/12/2026

Do Wall Street Analysts Like Public Service Enterprise Stock?

Public Service Enterprise has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.Electricity transmission pylon at dawn by Nuttapon via Adobe Stock

N Neha Panjwani
Neha Panjwani on 08/12/2026

Are Wall Street Analysts Bullish on Valero Energy Stock?

Valero Energy has significantly outperformed the broader market over the past year, and analysts are cautiously optimistic about the stock’s prospects.The logo of Valero Energy on the screen of an exchange_ By maurice norbert

N Neha Panjwani
Gregor Horvat on 08/12/2026

Crude Oil Surges Higher as Inflation Risks Return — $90 in Focus

Crude oil is extending its strong four-day rally, reviving inflation concerns and putting pressure on Asian bonds ahead of today's US CPI report. Technically, oil remains in a bullish five-wave impulse, with the $90 area and open July gaps in focus.Offshore oil platform in ocean by Wirestock via iSt

G Gregor Horvat
Rich Asplund on 08/11/2026

Crude Prices Settle Higher as Middle East Supplies Tighten

September WTI crude oil (CLU26 ) closed up +1.07 (+1.30%) on Tuesday, and September RBOB gasoline (RBU26 ) closed up +0.0012 (+0.04%). Crude oil and gasoline prices settled higher on Tuesday, with crude oil climbing to a 1-week high and gasoline posting a 1.5-week high. Crude prices were volatile o

R Rich Asplund
Rich Asplund on 08/11/2026

Nat-Gas Prices Slip on the Outlook for Robust US Storage

September Nymex natural gas (NGU26 ) closed down -0.027 (-0.97%) on Tuesday. Nat-gas prices fell from a 2-week high on Tuesday and settled lower. Gas prices gave up early gains and turned lower on Tuesday after the US Energy Information Administration (EIA) projected US nat-gas storage levels to sw

R Rich Asplund
Rich Asplund on 08/11/2026

Crude Prices Supported as Strait of Hormuz Remains Closed

September WTI crude oil (CLU26 ) is up +0.19 (+0.23%) today, and September RBOB gasoline (RBU26 ) is down -0.0376 (-1.20%). Crude oil and gasoline prices are mixed today, with crude oil climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the Strait...A sunset over a

R Rich Asplund
Daniel White on 08/11/2026

Crude Rallies as Drone Strike Hits Russian Refinery

Crude touched a high near $84.61 overnight after Pakistani officials signaled the US and Iran were close to a deal that would help reopen traffic through the strait. At the same time, a drone strike sparked a fire at Rosneft's Komsomolsk refinery, the latest hit in Ukraine's ongoing campaign against

D Daniel White
Darin Newsom on 08/11/2026

What Had Crude Oil Boiling Again Overnight?

If I give you 10 guesses as to what had crude oil boiling again overnight, you would only need one to get the answer correct.Strait of Hormuz by artemegorovv via Shutterstock

D Darin Newsom
Rich Asplund on 08/10/2026

Crude Prices Soar as Strait of Hormuz Reopening in Doubt

September WTI crude oil (CLU26 ) closed up +3.95 (+5.05%) on Monday, and September RBOB gasoline (RBU26 ) closed up +0.1501 (+5.03%). Crude oil and gasoline prices rallied sharply on Monday, with gasoline soaring to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...Strai

R Rich Asplund
Rich Asplund on 08/10/2026

Nat-Gas Prices Surge on Hot US Weather Forecasts

September Nymex natural gas (NGU26 ) closed up +0.132 (+4.96%) on Monday. Nat-gas prices settled sharply higher on Monday on the outlook for much hotter US weather, potentially boosting nat-gas demand from electricity providers to power an expected increase in air conditioning use. The Commodity We

R Rich Asplund
Rich Asplund on 08/10/2026

Crude Prices Soar as Middle East Tensions Curb Global Oil Supplies

September WTI crude oil (CLU26 ) is up +2.76 (+3.53%) on Friday, and September RBOB gasoline (RBU26 ) is up +0.1203 (+4.03%). Crude oil and gasoline prices are sharply higher today, with gasoline climbing to a 1-week high. The lack of an agreement between Iran and Oman to reopen the...Satellite vie

R Rich Asplund