Crude Oil Prices Underpinned by Dollar Weakness and Geopolitical Risks

Written on 02/06/2026
Rich Asplund

March WTI crude oil (CLH26 ) on Friday closed up +0.26 (+0.41%), and March RBOB gasoline (RBH26 ) closed up +0.0266 (+1.38%). Crude oil and gasoline prices recovered from early losses on Friday and moved higher after the dollar (DXY00 ) weakened. Also, doubts that the US-Iranian talks in Oman...The index of oil up by Pashalgnatov via istock
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