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Barchart
Barchart
Rich Asplund

Increased Hostilities in the Middle East Boost Crude Oil Prices

November WTI crude oil (CLX26) is up +0.94 (+1.00%) today, and November RBOB gasoline (RBX26) is down -0.049 (-0.15%).

Crude oil prices extended this week’s rally to a 2-week high today. Escalating hostilities in the Middle East that are disrupting regional energy supplies are pushing crude prices higher. Crude prices fell from their best level today after the dollar index ($DXY) rallied to a 1.5-year high.

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