January WTI crude oil (CLF26) on Friday closed up +0.51 (+0.91%), and January RBOB gasoline (RBF26) closed up +0.0069 (+0.41%). Crude oil and gasoline prices settled higher on Friday.  Crude prices are supported amid heightened geopolitical risks in Venezuela and Russia.  Also, Friday's stock rally boosts optimism about the economic outlook, which is supportive of energy demand.  Crude prices raced to their highs Friday afternoon after the Baker Hughes weekly report showed active US oil rigs fell to a 4.2 ...

January WTI crude oil (CLF26) today is up +0.76 (+1.38%), and January RBOB gasoline (RBF26) is up +0.0166 (+0.99%). Crude oil and gasoline prices are rising today amid heightened geopolitical risks in Venezuela and Russia.  President Trump ordered a blockade of sanctioned tankers off Venezuela, and the US is preparing new sanctions on Russian energy exports if Russia rejects a peace deal to end the war in Ukraine.  Crude prices fell back from their best level after weekly EIA crude inventories fell less t ...