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Sep WTI crude oil (CLU24) on Tuesday closed down -1.71 (-2.14%), and Sep RBOB gasoline (RBU24) closed down -6.84 (-2.80%). Crude oil and gasoline prices retreated on Tuesday as Iran has yet to attack Israel. Crude prices surged Monday to a 3-week high on fears of an imminent attack against Israel by Iran in response to last month’s assassination of a Hamas leader by Israel in Iran. Weakness in the crude crack spread is a negative factor for crude prices. The crack spread on Tuesday fell to a 7-month low, discouraging refiners from purchasing crude oil to refine into gasoline and distillates. T…

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