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Barchart
Rich Asplund

Crude Prices Push Higher After OPEC+ Agrees to a Modest Production Hike

Oil OPEC United States Russia Ukraine

November WTI crude oil (CLX25) today is up +0.80 (+1.31%), and November RBOB gasoline (RBX25) is up +0.0400 (+2.15%).

Crude oil and gasoline prices are rising today after OPEC+ agreed to a smaller-than-expected increase in its crude production levels.  Also, reduced Russian crude production is supporting oil prices after Reuters reported that Russia's Kirishi oil refinery halted most of its production following a drone attack by Ukraine.  Gains in crude are limited after the dollar index (DXY00) rallied to a 1-week high today.

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