Crude Prices Gain on Reduced Middle Eastern Oil Supplies

Written on 08/18/2026
Rich Asplund

September WTI crude oil (CLU26) closed up +0.44 (+0.52%) on Tuesday, and September RBOB gasoline (RBU26) closed up +0.0316 (+0.97%). Crude oil and gasoline prices extended Monday’s sharp rally on Tuesday and posted 3-week highs as the US and Iran remain deadlocked over control of the Strait of Hormuz, limiting...Oil tanker in open sea by StockStudio via Shutterstock
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