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Barchart
Rich Asplund

FOUND: Crude slightly higher on year end fund short covering | Mind Blowing Facts

Oil OPEC United States AAA Vortexa

February WTI crude oil (CLG24) this morning is up +0.05 (+0.05%), and Feb RBOB gasoline (RBG24) is up +1.92 (+1.40%).

Crude oil and gasoline prices this morning are moderately higher on some year-end short covering by funds.  Gains are limited by energy demand concerns due to weaker-than-expected U.S. economic news.  Also, an increase in Russian petroleum exports is negative for crude prices.  

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