December WTI Crude Oil (CLZ25) closed Tuesday down -0.49 (-0.80%), and December RBOB Gasoline (RBZ25) closed up +0.0067 (+0.35%). Crude oil prices fell on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00) rose to a three-month high. Additionally, Tuesday’s stock market decline has dampened confidence in the economic outlook and energy…
December WTI Crude Oil (CLZ25) closed up +0.33 (+0.55%) on Wednesday and December RBOB Gasoline (RBZ25) closed up +0.0273 (+1.47%). Crude oil prices rose on Wednesday amid an outlook for tighter global oil supplies. Crude oil prices rose on expectations that President Trump will comply and apply new oil sanctions on Russia to pressure Russian…
November WTI Crude Oil (CLX25) was down -0.17 (-0.30%) today and November RBOB Gasoline (RBX25) closed down -0.0191 (-1.04%). Crude oil and gasoline prices gave up an early advance today and turned lower as the dollar (DXY00) strengthened. Crude oil is also being weakened by the negative carryover from last Thursday, when President Trump said…
November WTI Crude Oil (CLX25) is down -0.06 (-0.10%), and November RBOB Gasoline (RBX25) is down -0.0084 (-0.46%) today. Crude oil and gasoline prices gave up an early advance today and fell after EIA weekly crude oil inventories unexpectedly rose and U.S. crude production rose to a record level. Crude oil prices initially rose today…
November WTI Crude Oil (CLX25) closed Wednesday down -0.43 (-0.73%) and November RBOB Gasoline (RBX25) closed up +0.0058 (+0.32%). Crude oil and gasoline prices closed mixed on Wednesday. Crude oil remains under pressure on concerns about a global supply glut after the IEA on Tuesday forecast a record global oil glut of 4.0 million bpd…
November WTI Crude Oil (CLX25) closed Monday up +0.59 (+1.00%) and November RBOB Gasoline (RBX25) closed up +0.0012 (+0.39%). Crude oil and gasoline prices closed higher on Monday, recovering some of last Friday’s decline. Crude oil prices rose after the Trump administration over the weekend indicated its openness to reaching a trade deal with China….
