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Barchart
Barchart
Rich Asplund

Crude Prices Plunge as Russia Ramps Up Crude Exports

Oil OPEC United States Russia Pedro AAA Angola EIA Vortexa

January WTI crude oil (CLF24) this morning is down -2.52 (-3.53%), and Jan RBOB gasoline (RBF24) is down -0.0621 (-3.04%).

Crude oil and gasoline prices this morning are sharply lower, with crude dropping to a 5-1/2 month low and gasoline sinking to a 2-year low.  Signs of stronger Russian crude exports have exacerbated oversupply concerns and sent crude prices plunging.   Crude prices are falling today despite a weaker dollar.  

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