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Barchart
Barchart
Rich Asplund

Crude Oil Prices Climb as Talks to End Ukraine War Failed to Yield a Breakthrough

Oil OPEC Ukraine United States Donald Trump EIA ISIS Russia

February WTI crude oil (CLG26) on Monday closed up +1.34 (+2.36%), and February RBOB gasoline (RBG26) closed up +0.0203 (+1.19%).

Crude oil prices settled sharply higher on Monday after weekend talks to end the Ukraine-Russian war failed to yield a breakthrough.  Also, hopes of stronger Chinese energy demand are lifting crude prices after the Chinese government pledged support to sustain economic growth next year.

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