Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Oil Prices Find Support from a Weaker Dollar and Geopolitical Risks

Oil OPEC United States Ukraine EIA Russia Vortexa

January WTI crude oil (CLF26) today is up +0.61 (+1.03%), and January RBOB gasoline (RBF26) is up +0.0017 (+0.09%).

Crude oil and gasoline prices are moving higher today on dollar weakness as the dollar index (DXY00) dropped to a 5-week low.  Also, the war in Ukraine looks set to drag on, which will keep sanctions on Russian energy exports in place, after US-Russian talks failed to reach a breakthrough in ending the war in Ukraine.  Gains in crude are limited after Saudi Arabia cut the price of its main crude grade to Asian customers to the lowest level in five years.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Is having urine the color of Mountain Dew normal?
A Trump administration doctor says neon yellow urine is normal because of diets consisting entirely of meat and fermented foods. Here’s what experts say
The Guardian - US
The Guardian - US
Country Music Star Accused of Satanism Rips Online 'Parasites' Pushing a Highly Negative Narrative
Zac Brown rejects satanic claims about his Las Vegas Sphere shows, calling online critics 'parasites' and explaining the personal story behind the imagery. Copy
International Business Times UK
International Business Times UK
Nicki Minaj's Lawyers Reportedly Want To Quit Rapper's 'Unreasonably Difficult' Jingle Ball Lawsuit
Nicki Minaj's lawyers are seeking to withdraw from a $275K Jingle Ball lawsuit, citing irreconcilable differences and a breakdown in communication.
International Business Times UK
International Business Times UK
Heidi Klum Teases 'Very, Very Bloody' Halloween Costume as Fans Spot Grotesque Body Parts
Heidi Klum has teased her 2026 Halloween costume with an image of brain- and intestine-like prosthetics, prompting fan theories before her annual New York party.
International Business Times UK
International Business Times UK
The hill I will die on: The email sign-off is archaic – it needs to go. No regards, Tom
The torture of the inbox is made insufferably worse by the dated cliches at the beginning and end, says journalist Tom Gill
The Guardian - UK
The Guardian - UK
New Trump rule allows hunters to bait bears in Alaska with doughnuts, bacon and more
Critics decry Trump administration rule that lets hunters lure bears with human foods on federal lands in Alaska
The Guardian - US
The Guardian - US
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play