Crude oil and gasoline prices are up, with crude reaching a 3-week high due to concerns about Russian crude supplies following President Trump’s rhetoric against Russia and NATO’s response. Weekly EIA crude inventories fell to an 8-month low. Ukraine’s attacks on Russian refineries have curbed exports, tightening global oil supplies. Iraq’s agreement to resume oil exports adds to global supplies. India’s reduced crude demand is negative. Crude oil stored on tankers is rising. OPEC+ agreed to raise production by 137,000 bpd in October. EIA reports bullish data on crude and products, with inventories falling below seasonal averages. US oil rigs rose to 418, near a 4-year low.

Read more at Yahoo Finance: Crude Rallies on Russian Tensions and Tighter EIA Inventories