Learn more

May WTI crude oil (CLK24) on Friday closed up +0.32 (+0.37%), and May RBOB gasoline (RBK24) closed down -0.56 (-0.20%). Crude and gasoline prices on Friday settled mixed, with crude posting a 5-1/4 month high as escalating tensions in the Middle East could lead to oil supply disruptions. Iran has vowed revenge on Israel for an airstrike on its embassy in Syria that killed top Iranian military commanders, raising fears that the Israel-Hamas war could more directly involve Iran. Strength in the dollar Friday limited gains in crude and knocked gasoline prices into negative territory. Friday’s bet…

cuu