Learn more

March WTI crude oil (CLH24) on Wednesday closed up +0.55 (+0.75%), and Mar RBOB gasoline (RBH24) closed up +4.57 (+2.06%). Crude oil and gasoline prices Wednesday settled moderately higher. A weaker dollar on Wednesday was bullish for energy prices. Also, ongoing geopolitical risks in the Middle East are underpinning crude prices as Houthi rebels attacked two more ships in the southern Red Sea. Gains in crude prices were limited after weekly EIA crude inventories rose more than expected. Geopolitical tensions in the Middle East continue to support crude prices. The U.S. and UK have ramped up a…

cuu