May WTI crude oil (CLK24) this morning is up +0.67 (+0.77%), and May RBOB gasoline (RBK24) is up +1.45 (+0.52%). Crude and gasoline prices this morning extended this week’s rally, with crude posting a 5-1/4 month high and gasoline posting a 7-month high. Gains in crude today are limited due to a stronger dollar. Escalating tensions in the Middle East that could lead to oil supply disruption are underpinning crude prices. 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 direc…