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Barchart
Barchart
Rich Asplund

Crude Prices Tumble on Prospects that Venezuelan Crude Will Continue to Flow

Oil EIA OPEC United States Venezuela IEA

February WTI crude oil (CLG26) today is closed down -0.81 (-1.42%), and February RBOB gasoline (RBG26) is down -0.007 (-0.04%).

Crude oil and gasoline prices are under pressure today, with crude falling to a 2-week low.  Crude prices tumbled today after the US lifted sanctions on Venezuelan crude exports and President Trump said  Venezuela's interim authorities agreed to give up as many as 50 million bbl of "high-quality sanctioned oil" to the US.  

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