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Barchart

Rich Asplund

Crude Rises on the Prospects of Tighter Global Oil Supplies

Oil EIA OPEC Vladimir Putin Kazakhstan Russia United States

January WTI crude oil (CLF25) today is up +1.14 (+1.63%), and January RBOB gasoline (RBF25) is up +0.0274 (+1.41%).

Crude oil and gasoline prices today are sharply higher, based on the prospects of tighter global oil supplies, after Kazakhstan pledged to comply with OPEC+ production quotas. Crude prices maintained their gains after a mixed EIA inventory report.

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