November WTI crude oil (CLX25) today is up +1.33 (+2.05%), and November RBOB gasoline (RBX25) is up +0.0469 (+2.40%).
Crude oil and gasoline prices are sharply higher today, with crude climbing to a 1.75-month high. Concerns over crude supplies from Russia are boosting oil prices as President Trump presses countries to stop buying Russian crude in an attempt to push Russia to end its war in Ukraine. Today's weaker dollar is also bullish for crude prices, along with the better-than-expected US August personal spending report, which signals positive economic strength for energy demand.
