Crude Oil Consolidates In Tight Range, US Independence Day Gasoline Demand In Focus

24 Jun 2022 , 12:30 PM

The WTI Crude oil futures moved up from recent lows and consolidated around 104.60 per barrel, up 0.33% on the day as the Russia-Ukraine war escalates. Ukrainian forces will have to withdraw from the embattled eastern city of Severodonetsk. European Union leaders have agreed to grant Ukraine and Moldova candidate status for EU membership. The US gasoline demand stays elevated for the 4th of July Independence Day holiday. Powered by Commodity Insights