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Rich Asplund

Possible End to the Russian-Ukraine War Weighs on Crude Prices

Oil Ukraine United States Russia Donald Trump OPEC Vladimir Putin

September WTI crude oil (CLU25) on Thursday closed down -0.47 (-0.73%), and September RBOB gasoline (RBU25) closed down -0.129 (-0.62%).

Crude oil and gasoline prices settled lower on Thursday, but crude remained above Wednesday's 2-month low. The dollar's strength on Thursday pressured crude prices along with the possible easing of hostilities between Russia and Ukraine, as President Trump will meet with Russian President Putin within the next few days to discuss ending the Russian-Ukrainian war.

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