April WTI crude oil (CLJ26) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area.
Crude oil prices spiked higher to $119.48 on Monday after Israel, on Saturday, bombed 30 Iranian oil depots. However, oil prices then fell sharply on Monday afternoon and into Tuesday after President Trump insisted the Iran war would be over soon, and as plans emerged to release emergency oil stockpiles.
