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Barchart
Barchart
Rich Asplund

Crude Settles Higher after Saudia Arabia and Russia Reaffirm Crude Production Cuts

December WTI crude oil (CLZ23) on Monday closed up +0.31 (+0.39%), and Dec RBOB gasoline (RBZ23) closed up +0.0349 (+1.59%).

Crude oil and gasoline prices on Monday closed moderately higher after Saudia Arabia and Russia reaffirmed they will keep their crude production cuts in place through the end of the year.  Crude prices fell back from their best levels after the dollar index recovered from a 1-1/2 month low and moved higher.

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