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Barchart
Rich Asplund

Crude Prices Recover as Russian-NATO Tensions Escalate

Oil NATO Russia United States OPEC Ukraine

November WTI crude oil (CLX25) on Thursday closed down -0.01 (-0.02%), and November RBOB gasoline (RBX25) closed down -0.0075 (-0.38%).

Crude oil and gasoline prices posted modest losses on Thursday after the dollar index (DXY00) rallied to a 3-week high.  Also, the outlook for higher crude exports from Iraq is undercutting crude prices.  In addition, Thursday's decline in stocks has led to a risk-off sentiment in asset markets, weighing on crude prices.  

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