Crude Oil Prices Pressured on Signs of Abundant Global Supplies
Yahoo Finance·2025-12-12 04:19
January WTI crude oil (CLF26) on Thursday closed down -0.78 (-1.34%), and January RBOB gasoline (RBF26) closed down -0.0232 (-1.15%). Crude oil and gasoline retreated on Thursday, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue to pressure crude prices. Also, today's stock weakness has dampened optimism in the economic outlook, a bearish factor for energy demand. More News from Barchart Losses in crude were limited T ...