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Barchart
Barchart
Rich Asplund

Crude Prices Rally on Supply Risks

Oil United States OPEC Russia China Drone Kazakhstan

March WTI crude oil (CLH25) today is up +0.89 (+1.24%), and March RBOB gasoline (RBH25) is up +0.0087 (+0.42%).

Crude oil prices are trading higher today, extending Tuesday's gains that were driven by a drone attack on a Russian pumping station that could reduce Kazakhstan crude oil exports by 30%.  Tuesday's gains were also driven by a Bloomberg report that OPEC+ is considering a delay of monthly supply increases that are currently due to start in April.  

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