Crude Prices Gain on Escalation of US-Iran Hostilities
August WTI crude oil (CLQ26) on Monday closed up +0.74 (+0.90%), and August RBOB gasoline (RBQ26) closed down -0.0037 (-0.11%). Crude oil and gasoline prices settled mixed on Monday, with crude oil rallying to a 5-week high amid the escalation of hostilities between the US and Iran, which is keeping the Strait of Hormuz closed…
