Crude Oil Sharply Higher on War in Iran
Yahoo Finance·2026-03-02 20:21

April WTI crude oil (CLJ26) on Monday closed up +4.21 (+6.28%), and April RBOB gasoline (RBJ26) closed up +0.0851 (+3.72%). Crude oil and gasoline prices rallied sharply on Monday, with crude posting an 8.25-month high and gasoline posting a 19-month high.  The main bullish factor for crude prices is the war in Iran after the US and Israel launched joint attacks on the country.  Crude prices fell from their best levels on Monday after the dollar index ($DXY) rallied to a 5-week high and after OPEC+ raised ...

Crude Oil Sharply Higher on War in Iran - Reportify