Crude Oil Prices Recover as the Crack Spread Soars

Written on 07/06/2026
Rich Asplund

August WTI crude oil (CLQ26 ) today is up +0.23 (+0.33%), and August RBOB gasoline (RBQ26 ) is up +0.1010 (+3.46%). Crude oil and gasoline prices erased early losses and moved higher today, with gasoline posting a 3-week high. Short covering emerged in crude oil prices today after the crude...Oil jackpump at sunset 2 by Evgenii Mitroshin via iStock
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