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Barchart

Rich Asplund

Crude Prices Post Moderate Gains as Geopolitical Risks Rise in the Middle East

Oil Middle East OPEC Iran Red Sea United States Vortexa

February WTI crude oil (CLG24) on Thursday closed up +0.65 (+0.91%), and Feb RBOB gasoline (RBG24) closed up +4.70 (+2.27%).

Crude oil and gasoline prices Thursday settled moderately higher on an escalation of geopolitical risks in the Middle East after Iran seized an oil tanker in the Gulf of Oman.

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