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Barchart
Barchart
Rich Asplund

Crude Gains on US Economic Strength and Tighter Global Supplies

Oil United States Donald Trump OPEC

February WTI crude oil (CLG25) today is up +0.79 (+1.07%), and February RBOB gasoline (RBG25) is up +0.0026 (+0.13%).

Crude oil and gasoline prices today are moderately higher.   Stronger-than-expected US economic news today shows economic strength and supports energy demand and crude prices.  Also, falling Russian crude exports keep global supplies tight and are bullish for oil prices.  A stronger dollar today is limiting gains in crude.

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