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Rich Asplund

Crude Advances Ahead of Thursday's OPEC+ Meeting

Oil OPEC EIA United States GDP

January WTI crude oil (CLF24) this morning is up +0.71 (+0.93%), and Jan RBOB gasoline (RBF24) is up +0.0105 (+0.48%).

Crude oil and gasoline prices this morning are moderately higher. Crude has support on signs of U.S. economic strength after U.S. Q3 GDP expanded more than expected. Also, short covering ahead of Thursday's OPEC+ meeting is lifting crude prices. A stronger dollar today and a bearish EIA inventory report limit gains in crude.

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