Rising Global Geopolitical Tensions Lift Crude Prices

January WTI crude oil (CLF26) today is up +0.76 (+1.38%), and January RBOB gasoline (RBF26) is up +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia.  President Trump ordered a blockade of sanctioned tankers off Venezuela, and the US is preparing new sanctions on Russian energy exports if Russia rejects a peace deal to end the war in Ukraine.  Crude prices fell back from their best level after weekly EIA crude inventories fell less t ...