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Barchart
Barchart
Rich Asplund

Crude Oil Gains on News the US Plans to Refill the SPR

Oil United States the Strategic Petroleum Reserve Donald Trump OPEC Petroleum Russia EIA Ukraine

November WTI crude oil (CLX25) on Tuesday closed up +0.30 (+0.52%), and November RBOB gasoline (RBX25) closed down -0.0049 (-0.27%).

Crude oil and gasoline prices on Tuesday settled mixed.  Crude found support on Tuesday on US plans to refill the Strategic Petroleum Reserve (SPR).  Crude also garnered support from easing US-China trade tensions, which are bullish for global growth prospects and energy demand, following President Trump's statement that he expects a "really great trade deal" with China.  

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