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Barchart
Barchart
Rich Asplund

Crude Prices Supported by Geopolitical Risks

Oil United States Hamas Red Sea Russia Drone OPEC

March WTI crude oil (CLH24) this morning is up +0.94 (+1.22%), and Mar RBOB gasoline (RBH24) is up +2.41 (+1.02%).

Crude oil and gasoline prices this morning are trading higher, with crude posting a 1-1/2 week high and gasoline climbing to a 3-1/2 month high.   Crude has support from Middle Eastern geopolitical risks with the ongoing war in Gaza and continued attacks on commercial shipping in the Red Sea by Houthi militants.  

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