Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz
Strait of Hormuz by artemegorovv via Shutterstock

Strait of Hormuz by artemegorovv via Shutterstock
September Nymex natural gas (NGU26 ) on Monday closed up +0.009 (+0.32%). Nat-gas prices settled higher on Monday amid forecasts for record-high temperatures in West Texas this week to support nat-gas demand. The largest Texas electric grid, the Electric Reliability Council of Texas, forecast that
Crude is lower this morning as the Treasury and White House pivot away from military strikes on Iran and toward economic sanctions instead. Separately, US-Canada trade talks broke down over the weekend at the final stage, with both sides now preparing tariffs. Support at 85.15, a key level going bac
October WTI crude oil (CLV26 ) is down -2.06 (-2.35%) today, and October RBOB gasoline (RBV26 ) is down -0.0820 (-2.69%). Crude oil and gasoline prices are under pressure today from a stronger dollar. Also, signs that crude supplies are moving through the Strait of Hormuz are undercutting oil price
Natural gas futures have spent the past several weeks compressing near the lower end of a broad consolidation range between the 2.6 and 3.33 areas, with the yearly VWAP flat and price chopping through it in a sign of balance. Domestically, record production and storage injections running below the f
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October WTI crude oil (CLV26 ) closed up +0.23 (+0.26%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0377 (+1.25%). Crude oil and gasoline prices settled higher on Friday, with gasoline posting a 3.5-week high. Crude prices were supported on Friday by threats from President Trump to c
September Nymex natural gas (NGU26 ) on Friday closed up +0.040 (+1.46%). Nat-gas prices settled higher on Friday as forecasts for hotter US weather could potentially boost nat-gas demand from electricity providers to power increased air conditioning use. The Commodity Weather Group said on Friday
October WTI crude oil (CLV26 ) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26 ) is up +0.0540 (+1.79%). Crude oil and gasoline prices are mixed today, with gasoline climbing to a 3.5-week high. Crude prices are under mild pressure today as they consolidate below Thursday’s 1-month h
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Bulls remain in control this morning as geopolitical pressure combines with near-record refining margins and run rates to keep oil bid. Yesterday's high of 83.17 held overnight, and old resistance at 82.06 flipped into support, setting up futures to test a breakout above 83.17 into the US open. Dan'
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September WTI crude oil (CLU26) closed up +2.00 (+2.33%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0078 (+0.24%). Crude oil and gasoline prices settled higher on Thursday, with crude oil climbing to a 1-month high. Crude prices rose after President Trump threatened to crush Iran’
September Nymex natural gas (NGU26 ) on Thursday closed down -0.081 (-2.88%). Nat-gas prices fell sharply on Thursday amid forecasts for cooler US temperatures, potentially reducing nat-gas demand from electricity providers to power air conditioning. The Commodity Weather Group said on Thursday tha
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September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy,
December crude posted a bearish outside day yesterday after the Treasury surprised markets with an accelerated debt buyback plan, shifting borrowing toward the short end of the curve and sparking a sharp reversal in long-term rates. But geopolitics are back in front this morning. The UAE has cut off
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