Crude Prices Sink as Geopolitical Risks Ease and US Supplies Increase

Written on 01/22/2026
Rich Asplund

March WTI crude oil (CLH26 ) on Thursday closed down -1.26 (-2.08%), and March RBOB gasoline (RBH26 ) closed down -0.0408 (-2.17%). Crude oil and gasoline prices sold off sharply on Thursday after Ukrainian President Zelenskiy signaled progress in peace talks on ending the war with Russia. Losses in crude...2 pumpjacks at sunset by vadimrysev via iStock
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