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Rich Asplund

FORGOTTEN HISTORY: Escalation of iran tensions boosts crude prices - Caught on Camera

Oil crude oil Iran OPEC United States Donald Trump Ukraine EIA Russia

March WTI crude oil (CLH26) today is up +2.05 (+3.26%), and March RBOB gasoline (RBH26) is up +0.0196 (+1.03%).

Crude oil and gasoline prices added to this week's sharp gains today, with crude oil climbing to a 4.25-month high and gasoline climbing to a 2-month high. Geopolitical risks in the Middle East are pushing crude prices higher as President Trump is warning Iran to make a nuclear deal or face military strikes. Dollar weakness today is also supportive for energy prices.

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