Geopolitical Risks and US Economic Strength Boost Crude Oil Prices

March WTI crude oil (CLH26) today is up +2.06 (+3.30%), and March RBOB gasoline (RBH26) is up +0.0438 (+2.29%). Crude oil and gasoline prices are sharply higher today on geopolitical risks.  The likelihood of the Russian-Ukrainian war continuing will keep restrictions on Russian crude and limit global oil supplies.  Also, concerns remain that a conflict between the US and Iran could put crude flows through the Middle East at risk, which is supporting oil prices.  In addition, signs of US economic resilien ...