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Rich Asplund

UNBELIEVABLE: Crude oil prices gain on middle east peace doubts - Caught on Camera

Oil United States EIA Middle East Iran OPEC Strait of Hormuz

July WTI crude oil (CLN26) today is up +1.80 (+1.93%), and July RBOB gasoline (RBN26) is up +0.0155 (+0.49%).

Crude oil prices are moving sharply higher today, posting a 1.5-week high as clashes between the US and Iran cast doubt on prospects for a peace deal that would reopen the Strait of Hormuz. Crude prices added to their gains after weekly EIA crude inventories fell more than expected.

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