Crude Oil Prices Rebound on Reports of a Ship Hit off the Omani Coast

August WTI crude oil (CLQ26) today is up +1.24 (+1.76%), and August RBOB gasoline (RBQ26) is up +0.0754 (+2.70%).

Crude oil and gasoline prices erased early losses and turned higher today as short covering emerged on a report that an unknown projectile off the coast of Oman hit a cargo vessel. Crude prices initially fell to a 4-month low today as the resumption of crude supplies through the reopened Strait of Hormuz has eased global oil supply concerns.

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Renewed tensions in the Persian Gulf pushed crude oil prices higher today after the UK Maritime Trade Operations reported that a cargo vessel was hit by an unknown projectile off the coast of Oman in the Strait of Hormuz.  The incident occurred after several freighters turned around while attempting to cross the Strait of Hormuz, with maritime intelligence companies reporting broadcasts purportedly

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/crude-oil-prices-rebound-reports-153724170.html)