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Rich Asplund

HISTORICAL FACTS: Dollar weakness and iranian risks boost crude oil prices - Caught on Camera

Oil OPEC Iran United States Donald Trump Ukraine EIA Russia

March WTI crude oil (CLH26) today is up +1.11 (+1.83%), and March RBOB gasoline (RBH26) is up +0.0142 (+0.77%).

Crude oil and gasoline prices are climbing today, with crude oil posting a 1.5-week high. Today's slump in the dollar index (DXY00) to a 4.25-month low is bullish for energy prices. Crude also has support on concerns of possible US military action against Iran, which could disrupt oil supplies from OPEC's fourth-largest producer.

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