Crude Prices Fall on Hopes of a Russian-Ukraine Peace Deal

January WTI crude oil (CLF26) on Friday closed down -0.94 (-1.59%), and January RBOB gasoline (RBF26) closed down -0.0299 (-1.62%). Crude oil and gasoline prices tumbled to 4-week lows on Friday and settled sharply lower.  Friday's rally in the dollar index (DXY00) to a 5.5-month high is bearish for energy prices.  Crude prices also fell after Ukrainian President Zelenskiy said he would agree to work on a peace plan drafted by the US and Russia.  Crude prices recovered from their worst levels on Friday on ...