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Rich Asplund

Crude Prices Fall on Reduced Middle East Geopolitical Risks

Oil United States EIA Hamas

December WTI crude oil (CLZ23) on Tuesday closed down -1.75 (-2.05%), and Dec RBOB gasoline (RBZ23) closed down -5.89 (-2.55%).

Nov WTI crude oil and gasoline prices Tuesday settled moderately lower and posted 1-week lows. A stronger dollar Tuesday weighed on crude prices. Crude oil prices were also undercut as Israel continued to delay an expected ground assault on Gaza.

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