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Barchart
Barchart
Rich Asplund

Crude Prices Post Moderate Losses as IEA Forecasts Adequate Global Supplies

Oil OPEC United States Middle East Red Sea Vortexa

February WTI crude oil (CLG24) on Friday closed down -0.67 (-0.90%), and Feb RBOB gasoline (RBG24) closed down -2.07 (-0.95%).

Crude oil and gasoline prices on Friday settled moderately lower.  Expectations that global oil supplies will remain adequate despite geopolitical risks in the Middle East are weighing on crude prices.  A weaker dollar Friday limited losses in energy prices.

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