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Barchart
Rich Asplund

Ramped-Up War Rhetoric in the Middle East Boosts Crude Prices

Oil Middle East Gallant Israel Iran United States

Nov WTI crude oil (CLX24) today is up +1.75 (+2.39%), and Nov RBOB gasoline (RBX24) is up +5.96 (+2.88%).

Crude oil and gasoline prices today are posting moderate gains.  Ramped-up war rhetoric in the Middle East is boosting crude prices today.  Israeli Defense Minister Gallant said Israel's response to Iran's missile attack on Israel "will be deadly, precise and above all surprising," while Iran said it's ready to launch thousands of missiles at Israel if needed.  

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