November WTI crude oil (CLX26) is up +3.70 (+4.01%) today, and November RBOB gasoline (RBX26) is up +0.0553 (+1.66%).
Crude oil and gasoline prices are moving sharply higher today, with gasoline posting a 4-month high. Crude prices are soaring today after Iran threatened to expand the war in the Middle East, dimming the outlook for a deal to reopen the Strait of Hormuz. Crude prices also rose today after Saudi Arabia said it came under missile attack from Houthi militants in Yemen, who fired missiles toward the Red Sea port of Yanbu and the city of Taif.
