Crude Gains on Supply Concerns as US May Sanction Russian and Iranian Crude

January WTI crude oil (CLF25 ) Friday closed up +1.27 (+1.81%), and January RBOB gasoline (RBF25 ) closed up +0.0133 (+0.67%). Crude oil and gasoline prices Friday rallied to 2-1/2 week highs and settled higher. The prospects for additional sanctions on Russian and Iranian crude supplies pushed oil prices higher…