Geopolitical Risks Underpin Crude Oil Prices

Written on 01/13/2026
Rich Asplund

February WTI crude oil (CLG26 ) on Tuesday closed up +1.65 (+2.77%), and February RBOB gasoline (RBG26 ) closed up +0.0327 (+1.82%). Crude oil and gasoline prices rallied sharply on Tuesday, with crude posting a 2.25-month high and gasoline posting a 5-week high. Crude prices surged on Tuesday after President...Crude oil unloading dock by Surapol Usanakul via Shutterstock
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