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Barchart
Barchart
Rich Asplund

Crude Oil Prices End Little Changed But See Continued Support From Recent Oil Tanker Disruptions

Oil OPEC United States Ukraine Venezuela EIA Russia

February WTI crude oil (CLG26) on Wednesday closed down -0.03 (-0.05%), and February RBOB gasoline (RBG26) closed up +0.0040 (+0.23%).

Crude oil closed little changed on Wednesday, but rallied earlier in the week on 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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