October WTI crude oil (CLV26) is up +1.82 (+2.18%) today, and October RBOB gasoline (RBV26) is up +0.0122 (+0.40%).
Crude oil and gasoline prices are moving higher today, with crude climbing to a 1-week high. Renewed tensions in the Middle East are boosting crude prices today after the US and Iran exchanged attacks for the first time in a month. The attacks are fueling concern that military escalation could further curtail shipping through the Strait of Hormuz, further reducing global energy supplies.
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