Crude Prices Tumble on Signs of Robust Global Oil Supplies

Written on 01/07/2026
Rich Asplund

February WTI crude oil (CLG26 ) on Wednesday closed down -1.14 (-2.00%), and February RBOB gasoline (RBG26 ) closed down -0.061 (-0.36%). Crude oil and gasoline prices sold off on Wednesday, with crude falling to a 2-week low. Crude prices tumbled on Wednesday after the US lifted some sanctions on...Offshore drilling rig by nielubieklonu via iStock
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