December WTI crude oil (CLZ25) today is up +0.04 (+0.07%), and December RBOB gasoline (RBZ25) is down -0.0119 (-0.59%).
Crude oil prices are seeing support today from continued geopolitical risks related to Russia, last Friday's seizure by Iran of an oil tanker in the Gulf of Oman, and the US military buildup for a possible attack on Venezuela, which is the world's 12th-largest oil producer. Oil prices were undercut as Russia's key oil export port of Novorossiysk reportedly resumed some operations after Ukrainian attacks on Friday.
