January WTI crude oil (CLF24) this morning is up +2.18 (+3.05%), and Jan RBOB gasoline (RBF24) is up +5.55 (+3.60%). Crude oil and gasoline prices this morning rallied sharply to 2-week highs. The main bullish factor for crude oil today is geopolitical risks after several major oil shippers stopped shipping crude oil through the Red Sea because of attacks on ships in the region. Also, today’s rally in the S&P 500 to a 23-month high shows confidence in the economic outlook that supports energy demand and crude prices. Geopolitical risks are bullish for crude prices after BP joined Equinor and E…