Crude Oil Prices Supported by Geopolitical Tensions
Yahoo Finance·2025-12-19 04:16
January WTI crude oil (CLF26) on Thursday closed up +0.21 (+0.38%), and January RBOB gasoline (RBF26) closed up +0.0070 (+0.41%). Crude oil and gasoline prices settled higher on Thursday amid heightened geopolitical risks in Venezuela and Russia. Also, Thursday's sharp rally in stocks boosted optimism about the economic outlook, which is supportive of energy demand. Gains in crude were limited due to a stronger dollar and a bearish global supply outlook. More News from Barchart Escalation of global g ...