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West Texas Intermediate Crude Oil up $1.93 on Russian News to Reduce Crude Exports

On December 26, 2022, the price of West Texas Intermediate crude oil closed on Friday (December 23), rising $1.93 after reports that Russia has reduced crude oil exports from the Baltic region. The news overshadowed the negative factor that cold weather in the US could affect fuel demand.

West Texas crude oil contract Delivered in February. which traded in Nymex plus $ 1.93, or 2.49%, to $ 79.43 / barrel. Brent crude futures rose $2.22, or 2.7%, to settle at $83.20 a barrel.