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Barchart
Barchart
Rich Asplund

Crude Falls on Possible Resumption of Venezuelan Crude Oil Exports

Oil Venezuela United States

November WTI crude oil (CLX23) this morning is down -0.87 (-0.99%), and Nov RBOB gasoline (RBX23) is down -0.45 (-0.20%).

Nov WTI crude oil and gasoline prices this morning are moderately lower.  Crude prices are moderately lower today as diplomatic efforts to contain the Israeli-Hamas war have eased concerns the conflict will widen and threaten Middle Eastern crude supplies.  Crude prices are also retreating on reports the U.S. will ease sanctions against Venezuela in exchange for its government to improve electoral conditions.  A weaker dollar today is limiting losses in crude prices.  

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