Geopolitical Risks from Iran and Russia Push Crude Prices Higher

January WTI crude oil (CLF25 ) Friday closed up +1.14 (+1.63%), and January RBOB gasoline (RBF25 ) closed up +0.0132 (+0.66%). Crude oil and gasoline prices settled moderately higher on Friday, with crude climbing to a 2-week high. The escalation of global geopolitical tensions is supportive of crude oil. Russia…