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Barchart
Barchart
Rich Asplund

Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions

Oil OPEC United States Ukraine Venezuela Barchart EIA Russia

February WTI crude oil (CLG26) today is up +0.06 (+0.10%), and February RBOB gasoline (RBG26) is up +0.0055 (+0.31%).

Crude oil today extended this week's rally, which has been driven by concern about oil risks related to Venezuela and Ukraine-Russia.  Crude prices have carry-over support from last Friday's news from Baker Hughes that active US oil rigs fell to a 4.25-year low, although rigs this week rose by +3 rigs.  

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