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Rich Asplund

Crude Oil Rallies as Weekly EIA Inventories Fall

Oil EIA Donald Trump Vladimir Putin China OPEC Russia United States

February WTI crude oil (CLG25) Friday closed up +0.98 (+1.41%), and February RBOB gasoline (RBG25) closed up +0.0139 (+0.71%).

Crude oil and gasoline prices Friday rallied moderately, with crude posting a 1-week high. Crude found support Friday from a weaker dollar. Crude also has support on this week’s reports that China will boost economic stimulus measures to revive its economy. Crude prices added to their gains Friday after weekly EIA crude inventories fell more than expected.

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One subscription that gives you access to news from hundreds of sites

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Mom Who Drove Through Youth Soccer Game, Leaving 2 People Lifeless, Is Released Without Charges

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