Crude Prices Tumble on Prospects that Venezuelan Crude Will Continue to Flow

Written on 01/07/2026
Rich Asplund

February WTI crude oil (CLG26 ) today is closed down -0.81 (-1.42%), and February RBOB gasoline (RBG26 ) is down -0.007 (-0.04%). Crude oil and gasoline prices are under pressure today, with crude falling to a 2-week low. Crude prices tumbled today after the US lifted sanctions on Venezuelan crude...An oil tanker out at sea by Gerhard Traschutz via Pixabay
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