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Barchart
Barchart
Rich Asplund

Crude Prices Fall on the Prospect of Trump Easing Sanctions on Russian Crude

February WTI crude oil (CLG25) today is down -1.76 (-2.20%), and February RBOB gasoline (RBG25) is down -0.0582 (-2.70%).

Crude and gasoline prices today are moderately lower, based on the prospect 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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