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December WTI crude oil (CLZ24) on Tuesday closed down -0.17 (-0.25%), and December RBOB gasoline (RBZ24) closed down -0.0078 (-0.41%). Dec crude oil prices on Tuesday extended Monday’s plunge of -6.13%, which was driven by the fact that Israel’s weekend retaliatory strike was relatively limited and raised hopes that the direct attacks between Iran and Israel are over for the time being. Iran on Monday said its oil industry was operating normally in the wake of the weekend strike by Israel, which did not target Iranian oil infrastructure. The risk premium in oil prices was also reduced after Is…

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