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Barchart
Barchart
Rich Asplund

Crude Prices Gain on Energy Demand Optimism

January WTI crude oil (CLF26) today is up +0.26 (+0.45%), and January RBOB gasoline (RBF26) is up +0.0002 (+0.01%).

Crude oil and gasoline prices recovered from early losses today and moved higher as stocks rallied sharply, signaling bullish confidence in the economic outlook and energy demand.  Gains in crude are limited by improving prospects for a peace deal to end the war in Ukraine, which could lead to the end of sanctions on Russian energy and boost global crude supplies.  

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