Tightness in US Crude Supplies Supports Crude Oil Prices

Written on 06/17/2026
Rich Asplund

July WTI crude oil (CLN26 ) on Wednesday closed up +0.74 (+0.97%), and July RBOB gasoline (RBN26 ) closed up +0.0291 (+1.01%). Crude oil and gasoline prices settled higher on Wednesday, with crude recovering from a 3.5-month low. Crude oil prices rose on Wednesday on some technical buying after sharp...Oil barrels stacked on each other by Kalulu via iStock
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