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Rich Asplund

Crude Prices Gain on Doubts About an Early End to Russian-Ukrainian War

Oil United States OPEC Donald Trump EIA

September WTI crude oil (CLU25) on Monday closed up +0.62 (+0.99%), and September RBOB gasoline (RBU25) closed up +0.0262 (+1.26%).

Crude oil prices on Monday settled higher on speculation that there will be no resolution to the Russian-Ukrainian war anytime soon, which could lead to secondary sanctions on Russian crude exports that tighten the global oil supply. Dollar strength on Monday limited gains in crude.

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