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Barchart
Rich Asplund

Crude Prices Rally on Concern Over Russian Oil Supplies

Oil United States Russia NATO OPEC Ukraine

November WTI crude oil (CLX25) today is up +1.58 (+2.54%), and November RBOB gasoline (RBX25) is up +0.0302 (+1.57%).

Crude oil and gasoline prices are sharply higher today on concerns about Russian crude supplies after NATO promised a "robust" response to Russian incursions into its airspace.   Today's economic reports, which showed weaker-than-expected manufacturing activity in the Eurozone and the US, are bearish for energy demand and crude prices.

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