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Rich Asplund

Crude Oil Prices Surge as No End in Sight to US-Iran Conflict

Oil United States Iran OPEC Israel EIA IEA Middle East Vortexa

October WTI crude oil (CLV26) closed up +3.02 (+3.25%) on Wednesday, and October RBOB gasoline (RBV26) closed down -0.0419 (-1.29%).

Crude oil and gasoline prices settled mixed on Wednesday, with crude oil climbing to a 3.25-month high. Crude prices are soaring amid concerns that escalating attacks across the Middle East will further disrupt global oil supplies.

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