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Barchart
Rich Asplund

Crude Oil Prices Move Higher on Hopes for the US Government to Reopen

Oil United States OPEC Russia

December WTI crude oil (CLZ25) on Monday closed up +0.38 (+0.64%), and December RBOB gasoline (RBZ25) closed up +0.0308 (+1.59%).

Crude oil and gasoline prices settled higher on Monday.  Dollar weakness on Monday was supportive for crude prices.  Crude also rose with stock prices on Monday amid speculation that the US is close to reopening the government, which would be supportive of economic growth and energy demand.

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