January WTI crude oil (CLF26) on Wednesday closed up +0.67 (+1.21%), and January RBOB gasoline (RBF26) closed up +0.0134 (+0.80%). Crude oil and gasoline prices rose on Wednesday amid heightened geopolitical risks in Venezuela and Russia.  President Trump ordered a blockade of sanctioned tankers off Venezuela, and the US is preparing new sanctions on Russian energy exports if Russia rejects a peace deal to end the war in Ukraine.  Crude prices fell back from their best level on Wednesday after weekly EIA ...

January WTI crude oil (CLF26) on Tuesday closed down -1.55 (-2.73%), and January RBOB gasoline (RBF26) closed down -0.0514 (-2.97%). Crude oil and gasoline prices sold off on Tuesday, falling to 4.75-year nearest-futures lows.  Concerns about global energy demand and expectations for a worldwide oil glut are weighing on crude prices.  Also, Tuesday's decline in the S&P 500 to a 3-week low dampens optimism about the economic outlook, which is negative for energy demand.  In addition, the potential for a Ru ...

January WTI crude oil (CLF26) on Monday closed down -0.62 (-1.08%), and January RBOB gasoline (RBF26) closed down -0.0198 (-1.13%). Crude oil and gasoline prices were under pressure on Monday, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low.  Concerns about global energy demand are weighing on crude prices amid weaker-than-expected Chinese economic news.  Also, Monday's decline in the S&P 500 to a 2-week low dampens optimism about the economic outlook, which ...

January WTI crude oil (CLF26) today is down -0.84 (-1.46%), and January RBOB gasoline (RBF26) is down -0.0234 (-1.34%). Crude oil and gasoline prices are under pressure today, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low.  Concerns about global energy demand are weighing on crude prices amid weaker-than-expected Chinese economic news.  Also, today's fall in the S&P 500 to a 2-week low dampens optimism in the economic outlook that is negative for energy de ...

January WTI crude oil (CLF26) today is down -0.48 (-0.82%), and January RBOB gasoline (RBF26) closed down -0.0239 (-1.34%). Crude oil and gasoline prices extended this week's losses today, with crude posting a 2-week low and gasoline slumping to a 4.75-year nearest-futures low.  Crude prices are falling on concerns about a global oil glut.  Oil prices remained lower today after a mixed EIA inventory report showed crude supplies fell more than expected, while gasoline and distillate stockpiles rose more th ...

December WTI crude oil (CLZ25) on Wednesday closed down -0.96 (-1.59%), and December RBOB gasoline (RBZ25) closed down -0.0135 (-0.70%). Crude oil and gasoline prices gave up an early advance on Wednesday and moved lower, with crude dropping to a 2-week low.  Crude prices retreated on Wednesday after weekly EIA crude supplies unexpectedly increased.  Also, Wednesday's rally in the dollar index (DXY00) to a 5.25-month high is bearish for energy prices.  Losses in crude were limited due to Wednesday's bette ...

December WTI crude oil (CLZ25) today is down -0.39 (-0.64%), and December RBOB gasoline (RBZ25) is up +0.0023 (+0.12%). Crude oil and gasoline prices gave up an early advance today and are mixed.  Crude prices retreated today after weekly EIA crude supplies unexpectedly increased.  Also, today's rally in the dollar index (DXY00) to a 5.25-month high is bearish for energy prices.  Gasoline found support today after EIA gasoline inventories tumbled to an 11-year low.  Also, today's better-than-expected glob ...

December WTI crude oil (CLZ25) on Tuesday closed down -0.49 (-0.80%), and December RBOB gasoline (RBZ25) closed up +0.0067 (+0.35%). Crude oil prices moved lower on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00) rallied to a 3-month high.  Also, Tuesday's equity market slump has curbed confidence in the economic outlook and energy demand.  Losses in crude are limited by carryover support from Sunday, when OPEC+ announced that additional crude production hikes will be paused in Q ...

Group 1: Crude Oil Market Overview - December WTI crude oil prices are down by $0.29 (-0.48%), while December RBOB gasoline prices are up by $0.0049 (+0.26%) [1] - Crude oil prices are pressured by a stronger dollar, with the dollar index reaching a 3-month high, and a slump in equity markets affecting economic outlook and energy demand [1] - OPEC+ announced a pause in additional crude production hikes for Q1-2026, following a production increase of 137,000 bpd for December, in response to an emerging global oil surplus [3] Group 2: Supporting Factors for Oil Prices - The crude crack spread has risen to a 2.25-month high, encouraging refiners to increase crude purchases for gasoline and distillate production [2] - Reports of potential US military strikes on Venezuela, the world's 12th largest oil producer, provide additional support for oil prices [2] Group 3: Russian Oil Production and Exports - Reduced crude exports from Russia are supportive of oil prices, with Ukraine targeting Russian refineries, leading to a significant reduction in Russia's refining capacity and export capabilities [4] - Ukrainian attacks have decreased Russia's total seaborne fuel shipments to 1.88 million bpd in early October, the lowest in over 3.25 years, and have curtailed production by as much as 1.1 million bpd [4] - New US and EU sanctions on Russian oil companies and infrastructure have further limited Russian oil exports [4]