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Barchart
Barchart
Rich Asplund

FOUND: Crude prices rebound from monday s sharp losses - What They Never Told You

Oil OPEC Red Sea United States Vortexa

February WTI crude oil (CLG24) this morning is up +1.71 (+2.42%), and Feb RBOB gasoline (RBG24) is up +5.77 (+2.85%).

Crude oil and gasoline prices this morning are moderately higher as they recover some of Monday's sharp losses.  Supply disruptions to global crude supplies are underpinning oil prices as oil production at Libya's Sharara oil field remains shut down after protesters stopped production at the oil field last week.  A reduction in Russian crude exports is also positive for oil prices.

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