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Barchart

Rich Asplund

Crude Settles Higher on Tighter US Supplies and Global Energy Demand Optimism

Oil United States EIA Israel OPEC

December WTI crude oil (CLZ24) Thursday closed up +0.65 (+0.95%), and December RBOB gasoline (RBZ24) closed up +0.0148 (+0.76%).

Crude oil and gasoline prices Thursday settled moderately higher. Crude is supported by positive carryover from Wednesday after weekly EIA crude and gasoline inventories unexpectedly declined. Crude is also climbing on signs of strength in the global economy that supports energy demand and prices.

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