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Barchart
Barchart
Rich Asplund

Crude Prices Gain on Doubts About a Russian-Ukrainian Peace Deal

Oil United States Russia EIA OPEC Vortexa

January WTI crude oil (CLF26) today is up +0.08 (+0.14%), and January RBOB gasoline (RBF26) is up +0.0110 (+0.61%).

Crude oil and gasoline prices are slightly higher today.  Dollar weakness today is boosting crude prices.  Also, doubts about a deal to end the Russian-Ukrainian war have sparked some short covering in crude after European Commission Vice President Kallas said today that "we see no indication from Russia that they want peace."  Gains in crude are limited after today's weekly EIA report showed larger-than-expected increases in crude oil and products.

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