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Rich Asplund

SHOCKING: Crude oil prices supported by global geopolitical risks | Mind Blowing Facts

Oil OPEC United States EIA Nigeria Donald Trump Russia Venezuela ISIS

February WTI crude oil (CLG26) today is up +0.23 (+0.40%), and February RBOB gasoline (RBG26) is up +0.0126 (+0.73%).

Crude oil prices added to Monday's sharp gains today as global geopolitical risks from Venezuela, Nigeria, and Russia persist. Also, expectations that OPEC+ will stick with plans to pause further crude production increases are supportive for crude prices. Gains in crude are limited after the dollar index (DXY00) climbed to a 1-week high today. Also, Monday evening's release of the weekly EIA inventory report was mainly bearish for crude prices.

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