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Barchart

Rich Asplund

UNCOVERED: Oil prices fall back as red sea oil shipments continue - The Untold Story

Oil Red Sea EIA OPEC United States Drone Iran Russia Strait of Hormuz Ukraine

September WTI crude oil (CLU26) is down -3.62 (-4.04%), and September RBOB gasoline (RBU26) is down -0.0929 (-2.79%).

WTI crude oil prices (CLU26) are down by about -4% today, giving back much of Thursday’s rally of +6.17%. Meanwhile, Sep Brent crude oil prices (CBU26) have fallen below $96 per barrel after posting a 2-month high of $102 on Thursday.

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