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Barchart
Barchart
Rich Asplund

Crude Prices Climb as Saudi Arabia Warns OPEC+ Production Changes Can Be Reversed

OPEC Oil crude oil Saudi Arabia Abdulaziz bin Salman United States

July WTI crude oil (CLN24) today is up +1.17 (+1.58%), and July RBOB gasoline (RBN24) is up +2.71 (+1.15%).

Crude oil and gasoline prices today are moderately higher.  Crude is moving higher today based on comments from Saudi Arabia Energy Minister Prince Abdulaziz bin Salman, who said OPEC+ could pause or reverse its decision on Sunday to boost crude production if prices falter.  A weaker dollar today is also supportive of energy prices.  

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