Crude Closes Down for Third Day
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3 Articles
Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen
July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in...
Your Next Oil Change Could Soon Cost $120 As Iran Crisis Threatens Broader U.S. Economy
ANN ARBOR – Americans may soon feel the economic impact of the escalating Iran conflict in one of the most familiar parts of daily life: the cost of an oil change. Industry analysts are warning that synthetic oil changes — already approaching $100 for many vehicles — could surge to $120 or more if tensions involving Iran further disrupt global petroleum supply chains and shipping through the Strait of Hormuz. The growing concern comes as Preside…
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