September WTI crude oil (CLU26 ) on Wednesday closed up +5.20 (+6.56%), and September RBOB gasoline (RBU26 ) closed up +0.0815 (+2.59%). Crude oil and gasoline prices rallied sharply on Wednesday amid a fresh round of hostilities in the Middle East, which threatens global energy supplies. Gains in crude accelerated...Strait of Hormuz by artemegorovv via Shutterstock
Read full articleCrude Oil Prices Surge as US-Iran Conflict Looks to Drag On
Written on 07/29/2026
Rich Asplund

