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Barchart
Rich Asplund

Crude Oil Prices Finish Sharply Higher on US-Iran War Jitters

Oil United States Iran OPEC Donald Trump Russia Ukraine Axios EIA Vortexa

April WTI crude oil (CLJ26) on Friday closed up +1.81 (+2.78%), and April RBOB gasoline (RBJ26) closed up +0.0318 (+1.41%).

Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 7-month high and gasoline posting an 8-month high.  Concerns about a potential US strike on Iran are underpinning crude prices, with a massive deployment of US forces in the Middle East.  Friday's weaker dollar was also supportive for energy prices.

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