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Nov WTI crude oil (CLX24) Tuesday closed up +1.53 (+2.17%), and Nov RBOB gasoline (RBX24) closed up +5.68 (+2.82%). Crude and gasoline prices posted 1-week highs on Tuesday and settled moderately higher for a second day. Heightened Middle East tensions underpin crude prices due to concern that the escalation of hostilities could disrupt Middle Eastern crude supplies. Crude also has carryover support from Monday when Chinese banks cut interest rates, which may spur economic growth and energy demand. However, Tuesday’s rally in the dollar (DXY00) to a 2-1/2 month high limited gains in energy pri…

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