Crude Prices Finish Sharply Higher on Middle East Tensions

Written on 10/08/2026
Rich Asplund

November WTI crude oil (CLX26 ) closed up +3.21 (+3.64%) on Thursday, and November RBOB gasoline (RBX26 ) closed up +0.818 (+2.53%). Crude oil and gasoline prices settled sharply higher on Thursday on signs of possible escalation of the US-Iran conflict. Surging freight costs to ship crude oil out of...The index of oil up by Pashalgnatov via istock
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