Crude Oil Prices Recover as US Seizes a Tanker Off the Coast of Venezuela
Yahoo Finance·2025-12-11 04:23

January WTI crude oil (CLF26) on Wednesday closed up +0.21 (+0.36%), and January RBOB gasoline (RBF26) closed down -0.0082 (-0.46%). Crude oil and gasoline prices extended this week's losses on Wednesday, with crude posting a 2-week low and gasoline slumping to a 4.75-year nearest-futures low.  However, crude oil erased its losses and rallied on Wednesday afternoon after US forces intercepted and seized a sanctioned oil tanker off the coast of Venezuela.  The seizure may make it more difficult for Venezue ...