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Barchart
Barchart
Rich Asplund

Crude Continues Higher on US and EU Sanctions on Russian Energy

Oil United States Russia European Union OPEC

December WTI crude oil (CLZ25) today is up +0.51 (+0.83%), and December RBOB gasoline (RBZ25) is up +0.0141 (+0.75%).

Crude oil and gasoline prices today extended Thursday's sharp gains that occurred after the US and EU ramped up sanctions on Russian energy and energy infrastructure, raising the prospect of major disruptions to Russian crude production and exports and potentially removing oil supplies from the global market.  

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