Crude Oil Prices Supported by Mounting Geopolitical Risks
Yahoo Finance·2026-02-18 20:18
March WTI crude oil (CLH26) on Wednesday closed up +2.86 (+4.59%), and March RBOB gasoline (RBH26) closed up +0.0536 (+2.80%). Crude oil and gasoline prices rallied sharply on Wednesday amid mounting geopolitical risks. The likelihood of the Russian-Ukrainian war continuing is bullish for oil prices as it 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 supp ...