Geopolitical Tensions Support Crude Oil Prices

January WTI crude oil (CLF26) today is up +0.57 (+1.02%), and January RBOB gasoline (RBF26) is up +0.0134 (+0.79%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia.  Also, today's sharp rally in stocks boosts optimism about the economic outlook, which is supportive of energy demand.  Gains in crude are limited due to a bearish global supply outlook. More News from Barchart Escalation of global geopolitical tensions is supportive for crude price ...