January WTI crude oil (CLF26) on Thursday closed up +0.72 (+1.22%), and January RBOB gasoline (RBF26) closed down -0.0001 (-0.01%).
Crude oil and gasoline prices settled mixed on Thursday, with crude oil posting a 2-week high. Crude prices are supported by the prospects for the war in Ukraine to continue, which will keep sanctions on Russian energy exports in place, after US-Russian talks failed to reach a breakthrough in ending the war. Gains in crude were limited, and gasoline turned lower after the dollar recovered from a 5-week low and moved higher. Also, Gains in crude are limited after Saudi Arabia cut the price of its main crude grade to Asian customers to the lowest level in five years.
