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Barchart
Barchart
Rich Asplund

Crude Prices Soar as Global Oil Supplies Continue to Tighten

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.

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