Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Climbs on Dollar Weakness and Expectations OPEC+ Will Support Prices

Oil OPEC United States

December WTI crude oil (CLZ23) this morning is up +1.91 (+2.52%), and Dec RBOB gasoline (RBZ23) is up +0.0700 (+3.20%).

Crude oil and gasoline prices this morning are moderately higher.  Today's slide in the dollar index (DXY00) to a 2-1/2 month low supports gains in energy prices.  Crude prices are also climbing on concern OPEC+ may extend and even deepen its crude production cuts when the group meets this weekend.  Today's rally in the S&P 500 to a 2-1/2 month high shows confidence in the economic outlook and is positive for energy demand and crude prices.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
McDonald’s is bringing back its cult-favorite sandwich, created by the chef behind Chicken McNuggets, but only for a limited time
Fast food fans rejoice! McDonald's is bringing back the beloved McRib sandwich on October 27 across various U.S. cities, including Los Angeles, Chicago, Miami, and Atlanta. Known for its tangy barbecue sauce and unique boneless pork patty, this classic has gained a loyal following since its 1981 debut. To find…
The Economic Times
The Economic Times
Why is Drew McIntyre still away from WWE? How Hollywood and Russell Crowe are shaping his next chapter
Drew McIntyre is prioritizing his Hollywood career over an immediate return to the wrestling ring, with acting projects including Highlander, The Last Druidand Agent of Shadowskeeping him busy. McIntyre has also revealed that Oscar-winning actor Russell Crowe has become a mentor to him, offering guidance as he explores opportunities in…
The Economic Times
The Economic Times
'He Can't Stand Being Alone': Fans Question Dan Reynolds' Sofía Vergara Sighting Weeks After Minka Kelly Split
Dan Reynolds and Sofía Vergara have sparked dating speculation after being photographed holding hands at dinner, weeks after Reynolds' separation from Minka Kelly became public.
International Business Times UK
International Business Times UK
Texas Roadhouse steak complaint: Illinois man warns customers after getting $20 steak instead of $30 filet mignon
An Illinois man named Kenneth Card claims Texas Roadhouse served him cheaper sirloin instead of the $30 filet mignon he ordered on three visits. An eight-ounce sirloin was listed at around $20, while the filet mignon cost approximately $30. A restaurant spokesperson confirmed that one mix-up had been corrected at…
The Economic Times
The Economic Times
Brad Pitt Reveals What Got Him Through His 'Darker Days' After Angelina Jolie Divorce Battle
Pitt and Jolie reached a divorce settlement in December 2024 after more than eight years of legal proceedings
International Business Times UK
International Business Times UK
This recipe for a kimchi seafood pot keeps Esther Choi’s mom coming back for more
Chef Esther Choi says her recipe for Kimchi Seafood Pot is one of her mother's favorites and is part of her Korean Italian American repertoire
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play