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Barchart
Rich Asplund

Crude Prices Tumble as OPEC Projects a Global Crude Surplus

OPEC Oil United States Russia

December WTI crude oil (CLZ25) today is down -2.14 (-3.51%), and December RBOB gasoline (RBZ25) is down -0.0400 (-1.99%).

Crude oil and gasoline prices are falling sharply today, with crude matching a 3-week low.  Signs of global supply glut are weighing on crude prices after OPEC said a global crude surplus arrived sooner than expected.   Dollar strength today is also negative for energy prices.  

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