Crude Oil Prices Supported by Lingering Iran Risk

Written on 01/16/2026
Rich Asplund

February WTI crude oil (CLG26 ) today is up +0.71 (+1.20%), and February RBOB gasoline (RBG26 ) is up +0.0136 (+0.76%). Crude oil and gasoline prices are moving higher today as they recover some of Thursday's sharp selloff. Geopolitical risks in Iran are supporting crude prices even as the chance...A sunset over a fuel tanker by Sebastian via Pixabay
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