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Barchart
Rich Asplund

INSANE: Crude prices tumble as global oil supplies normalize | Vintage Vibes

Oil United States OPEC Middle East

August WTI crude oil (CLQ26) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26) is down -0.0758 (-2.57%).

Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern oil supplies eases global oil supply concerns. Saudi Arabian and United Arab Emirates (UAE) crude shipments have nearly fully recovered to pre-war levels.

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