Crude Oil Prices Supported by Closure of Hormuz

Written on 05/14/2026
Rich Asplund

June WTI crude oil (CLM26 ) on Thursday closed up +0.15 (+0.15%), and June RBOB gasoline (RBM26 ) closed down -0.0130 (-0.36%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices pushed higher on Thursday as peace talks between the US and Iran remain in limbo, keeping global...Strait of Hormuz by artemegorovv via Shutterstock
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