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Barchart
Barchart
Rich Asplund

Crude Oil Prices Boosted by Dollar Weakness and Iranian Protests

Oil Iran OPEC United States EIA IEA

February WTI crude oil (CLG26) today is up +0.21 (+0.36%), and February RBOB gasoline (RBG26) is up +0.0147 (+0.83%).

Crude oil and gasoline prices are moving higher today, with crude posting a 5-week high.  Today's dollar weakness is bullish for energy prices.  Also, rising tensions in Iran, the fourth-largest producer in OPEC, are supporting crude prices amid protests against the government.  

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