Today, the October West Texas Intermediate (WTI) crude oil prices have risen by 1.59%, equivalent to an increase of 1.45 points. Conversely, the October RBOB gasoline prices have dropped by 0.48%, or -0.0130 points. The current surge in WTI crude oil prices marks a new 10-1/2 month high on the nearest-futures chart, continuing the upward trend observed in the last three months. This surge is primarily driven by anticipated concerns over tight supply levels.
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Crude oil prices reach highest level in 10-1/2 months due to supply concerns
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