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Barchart
Barchart
Rich Asplund

Possible Easing of Geopolitical Risks Weighs on Crude Prices

Oil United States OPEC Russia EIA Vortexa

January WTI crude oil (CLF26) on Tuesday closed down -0.68 (-1.15%), and January RBOB gasoline (RBF26) closed down -0.00386 (-2.07%).

Crude oil and gasoline prices settled lower on Tuesday in hopes of an end to the Russian-Ukrainian war as the key parties trade various peace plans.  An end to the war could allow restrictions on Russian energy exports to be removed, boosting global oil supplies.

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