Crude Gives Up Early Gains as Weekly EIA Inventories Unexpectedly Increase

Written on 11/24/2024
Rich Asplund

December WTI crude oil (CLZ24 ) Wednesday closed down -0.52 (-0.75%), and December RBOB gasoline (RBZ24 ) closed up +0.0081 (+0.40%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline posting a 1-month high. Escalation of the Ukraine-Russian war is a bullish factor for crude prices after Ukraine fired...Stacked oil barrels by JONGHO SHIN via iStock
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