Markets · Commodity markets, August 4

A Hormuz-driven unwind dominated the energy complex today

Tuesday, August 4, 2026. From GEO's evening brief, after the close.

WTI fell 6.47% to $75.14 and Brent dropped 6.06% to $78.69 as Bloomberg tied the slide to prospects for a strait reopening deal, with RBOB and ULSD retreating alongside. Metals moved the other way, led by platinum and palladium, both up over 7%. Grains fell broadly on profit taking.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.