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Barchart
Barchart
Rich Asplund

UNCOVERED: Crude prices recover on dollar weakness - The Untold Story

Oil OPEC United States Ukraine EIA Iran Russia Vortexa

March WTI crude oil (CLH26) on Friday closed up +0.05 (+0.08%), and March RBOB gasoline (RBH26) closed down -0.0049 (-0.26%).

Crude oil and gasoline prices settled mixed on Friday, with crude rebounding from a 1.5-week low.  Crude prices recovered from early losses on Friday and posted modest gains, as a weaker dollar spurred short covering.  Crude prices initially fell on Friday amid easing US-Iran tensions.  Also, speculation that OPEC+ may soon boost crude production weighed on prices.

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