Crude Prices Rise as Global Geopolitical Risks Escalate

January WTI crude oil (CLF26 ) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26 ) closed up +0.0134 (+0.80%). Crude oil and gasoline prices rose on Wednesday amid heightened geopolitical risks in Venezuela and Russia. President Trump ordered a blockade of sanctioned tankers off Venezuela, and the...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock