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Barchart
Barchart
Rich Asplund

Crude Prices Undercut by Hopes for an End to the Russian-Ukrainian War

Oil United States Russia OPEC EIA Vortexa

January WTI crude oil (CLF26) today is down -0.21 (-0.35%), and January RBOB gasoline (RBF26) is down -0.00195 (-1.04%).

Crude oil and gasoline prices are slightly lower today due to a stronger dollar.  Also, there are hopes for an end to the Russian-Ukrainian war as the key parties trade various peace plans.  An end to the war could allow restrictions on Russian energy exports to be removed, boosting global oil supplies.

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