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Barchart
Barchart
Rich Asplund

Crude Prices Fall on Risk-Off and Restarting of Russian Port

Oil United States Russia OPEC EIA

December WTI crude oil (CLZ25) on Monday closed down -0.18 (-0.30%), and December RBOB gasoline (RBZ25) closed down -0.0215 (-1.07%).

Crude oil prices fell on Monday as investors took a risk-off stance amid a decline in stocks and concern about expected weak US economic reports due this week.  Oil prices were also undercut as Russia's key oil export port of Novorossiysk reportedly resumed some operations after Ukrainian attacks last Friday.

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