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Rich Asplund

Crude Oil Prices Close Just Mildly Higher After Russian Instability

Oil United States Russia Wagner Group OPEC

August WTI crude oil (CLQ23) Monday closed +0.21 (+0.30%), and Aug RBOB gasoline (RBQ23) closed up +1..82 (+0.75%).

Crude oil and gasoline prices Monday closed mildly higher on weakness in the dollar index and the brief weekend insurrection by the Wagner Group, which initially sparked some concern about Russian oil output. However, Russia’s Deputy PM Alexander Novak said Monday in a televised governmental meeting that Russia’s energy industry operated normally over the weekend.

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