March WTI crude oil (CLH26) today is up +1.28 (+2.00%), and March RBOB gasoline (RBH26) is up +0.0331 (+1.691%).
Crude oil and gasoline prices are moving higher today, with crude posting a 1.5-week high and gasoline posting a 2.75-month high. Escalating US-Iran tensions are underpinning crude prices today after the Wall Street Journal said the US is considering seizing tankers with Iranian crude, and Axios reported that the US could send a second aircraft carrier strike group to the Middle East should nuclear talks with Iran fail. Crude prices fell from their best levels after weekly EIA crude and gasoline inventories rose more than expected.
