October WTI crude oil (CLV26) is up +3.30 (+3.25%) on Monday, and October RBOB gasoline (RBV26) is up +0.1164 (+3.51%).
Crude oil and gasoline prices are sharply higher today, with crude just below Monday’s 3.75-month high. Supply risks are underpinning crude oil prices as crude exports from the Middle East remain limited, tightening global supplies.