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Rich Asplund

Crude Prices Climb on US Economic Strength and Tighter Global Supplies

Oil United States Donald Trump EIA OPEC

February WTI crude oil (CLG25) Tuesday closed up +0.69 (+0.94%), and February RBOB gasoline (RBG25) closed down -0.0089 (-0.44%).

Crude oil and gasoline prices settled mixed on Tuesday. Crude found support Tuesday from stronger-than-expected US economic news that shows economic strength and supports energy demand. Also, falling Russian crude exports keep global supplies tight and are bullish for oil prices. A stronger dollar Tuesday limited gains in crude.

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