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Barchart
Rich Asplund

Crude Prices End Lower on Speculation US Will Ease Russian Crude Sanctions

United States Oil Russia Donald Trump OPEC Ukraine

February WTI crude oil (CLG25) Thursday closed down -1.36 (-1.70%), and February RBOB gasoline (RBG25) closed down -0.0357 (-1.65%).

Crude and gasoline prices retreated Thursday on speculation that President-elect Trump will ease sanctions on Russian energy exports to facilitate a diplomatic accord between Russia and Ukraine.  Crude prices are also under pressure as the ceasefire between Israel and Hamas paves the way for an eventual return of ships to the Red Sea.  

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