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Rich Asplund

Crude Oil Prices Rally to 5-month High on Increased Speculation About Possible US Military Strike on Iran

Oil United States Iran Donald Trump International Energy Agency Petrol OPEC OPEC+ US Navy Vortexa

December WTI crude oil (CLZ26) closed up +3.80 (+3.82%), and December RBOB gasoline (RBZ26) closed up +0.0391 (+1.27%).

Crude oil prices surged by a total of +6% on Thursday and Friday to post a 5-month nearest-futures high, mainly on increased speculation that the US might soon resume active military attacks on Iran.

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