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Barchart
Barchart
Rich Asplund

Crude Prices Rise on Geopolitical Risks in Venezuela

Oil OPEC Venezuela United States Russia

December WTI crude oil (CLZ25) today is up +0.42 (+0.69%), and December RBOB gasoline (RBZ25) is up +0.0061 (+0.32%).

Crude oil and gasoline prices are climbing today, with gasoline posting a 1-month high.   Crude prices rose today on reports that the US plans military strikes on OPEC producer Venezuela.  Crude also has carryover support from Thursday, when President Trump and President Xi Jinping agreed to extend a tariff truce, which is supportive for economic growth and energy demand.

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