February WTI crude oil
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Crude Sharply Higher on Energy Demand Strength and Index Buying of Oil Futures
Yahoo Finance· 2026-01-08 20:19
February WTI crude oil (CLG26) on Thursday closed up +1.77 (+3.16%), and February RBOB gasoline (RBG26) closed up +0.0658 (+3.88%). Crude oil and gasoline prices rallied sharply on Thursday, with gasoline posting a 1.5-week high. Crude prices rose as Thursday's better-than-expected US economic news showed strength in energy demand. Also, the upcoming annual rebalancing of commodity indexes will see buying of oil contracts, a bullish factor for crude. Thursday's rally in the dollar index (DXY00) to a 4 ...