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Barchart

Rich Asplund

Crude Prices Recover as Asset Markets Rebound from Monday's Rout

Oil OPEC United States Libya EIA Iran

Sep WTI crude oil (CLU24) Tuesday closed up +0.26 (+0.36%), and Sep RBOB gasoline (RBU24) closed down -0.74 (-0.32%).

Crude oil and gasoline prices Tuesday settled mixed. Tuesday's rebound in US equity markets sparked risk-on sentiment that boosted most asset markets. Also, reduced oil supplies from Libya are lifting oil prices after Libya shut production at its biggest oil field on Monday. A stronger dollar Tuesday limited the upside in energy prices.

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