Crude Prices Surge as President Trump Threatens Sanctions on Russian Energy Exports

September WTI crude oil (CLU25 ) on Tuesday closed up +2.50 (+3.75%), and September RBOB gasoline (RBU25 ) closed up +0.0738 (+3.51%). Crude oil and gasoline prices surged Tuesday, with crude posting a 2-week high and gasoline posting a 5-week high. Concerns about the possibility of tighter global oil supplies…