
Nov WTI crude oil (CLX24) Thursday closed up +3.61 (+5.15%), and Nov RBOB gasoline (RBX24) closed up +10.67 (+5.37%).
Crude oil and gasoline prices Thursday surged to 1-month highs on concern Israel may target Iran's oil industry in retaliation for Iran’s missile attack on Israel. Crude prices also garnered support Thursday from US economic news, which showed that service sector activity expanded by the most in 19 months, a supportive factor for fuel demand. Crude rallied sharply Thursday despite a jump in the dollar index (DXY00) to a 6-week high.