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Barchart
Rich Asplund

Crude Prices Underpinned by Production Cuts from Saudi Arabia and Russia

Oil United States Saudi Arabia Russia Iran Vortexa

October WTI crude oil (CLV23) this morning is up +0.26 (+0.30%), and Oct RBOB gasoline (RBV23) is down -0.54 (-0.21%).

Crude oil and gasoline prices this morning are mixed.  Crude has carryover support from Tuesday when Saudi Arabia and Russia announced that they will extend their respective crude production cuts until the end of the year.  Limiting gains in crude is today's rally in the dollar index to a 5-1/2 month high.  

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