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Barchart
Barchart
Rich Asplund

Heightened Middle East Tensions Boost Crude Prices

December WTI crude oil (CLZ24) Friday closed up +1.59 (+2.27%), and December RBOB gasoline (RBZ24) closed up +0.0447 (+2.25%).

Crude and gasoline prices settled moderately higher on Friday, with gasoline posting a 1-week high.   Ramped-up Middle East tensions are boosting crude prices.  Also, stronger-than-expected global economic news Friday was positive for energy demand and crude prices.  

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