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Barchart
Rich Asplund

Crude Prices Fall on Market Doubts About OPEC+ Crude Production Cuts

OPEC Oil Pedro United States Angola

January WTI crude oil (CLF24) on Thursday closed down -1.90 (-2.44%), and Jan RBOB gasoline (RBF24) closed down -0.0715 (-3.18%).

Crude oil and gasoline prices on Thursday gave up early gains and sold off sharply after OPEC+ said it would cut its crude production level by -1.0 million bpd but did not provide details on how the cuts would be implemented.  A stronger dollar Thursday also weighed on crude prices.

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