Crude Rallies Sharply as US Crude Supplies Tighten

Written on 01/18/2025
Rich Asplund

February WTI crude oil (CLG25 ) Wednesday closed up +2.54 (+3.28%), and February RBOB gasoline (RBG25 ) closed up +0.0543 (+2.58%). Crude and gasoline prices rallied sharply Wednesday, with crude posting a 6-month high and gasoline climbing to a 3-1/4 month high. Wednesday's weaker dollar is bullish for energy prices....Oil pipeline through forest by cozyta via iStock
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