Crude Oil Surges on Concerns Over US-Iran Negotiations

Written on 02/04/2026
Rich Asplund

March WTI crude oil (CLH26 ) on Wednesday closed up +1.93 (+3.05%), and March RBOB gasoline (RBH26 ) closed up +0.0673 (+3.55%). Crude oil and gasoline prices rallied sharply on Wednesday, with gasoline climbing to a 2.5-month high. Crude prices shook off early losses on Wednesday and surged on news...The index of oil up by Pashalgnatov via istock
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