Crude Prices Tumble on Dollar Strength and Easing Geopolitical Risks

December WTI crude oil (CLZ25) on Wednesday closed down -1.30 (-2.14%), and December RBOB gasoline (RBZ25) closed down -0.0672 (-3.36%). Crude oil and gasoline prices settled sharply lower on Wednesday, with gasoline falling to a 1.5-week low.  Wednesday's rally in the dollar index (DXY00) to a 2-week high was bearish for energy prices.  Crude prices also came under pressure on Wednesday from a report from Axios that said the Trump administration has been secretly working with Russia to draft a new plan t ...