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Rich Asplund

Crude Oil Advances after Saudia Arabia and Russia Reaffirm Crude Production Cuts

Oil crude oil United States Russia Saudia Arabia Hezbollah Hamas OPEC

December WTI crude oil (CLZ23) this morning is up +1.03 (+1.28%), and Dec RBOB gasoline (RBZ23) is up +0.0392 (+1.78%).

Crude oil and gasoline prices this morning are moderately higher after Saudia Arabia and Russia reaffirmed they will keep their crude production cuts in place through the end of the year. Crude prices fell back from their best levels after the dollar index recovered from a 1-1/2 month low and moved higher.

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