September WTI crude oil (CLU26) closed up +2.07 (+2.75%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0997 (+3.51%). Crude oil and gasoline prices settled sharply higher on Thursday amid uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack on a Saudi oil tanker by Houthi rebels gave crude oil prices a boost. Crude prices raced to their highs on Thursday after Iran’s semi-official Fars news agency reported that vessels belonging to the US, Israel, or any other nation that has “caused damage” to Iran would be prohibited…
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