May WTI crude oil (CLK24) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24) is down -2.36 (-0.86%).
Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is weighing on energy prices. Crude also has a negative carryover from Wednesday, when the EIA reported that crude inventories rose more than expected to a 10-month high. Lingering geopolitical risks between Iran and Israel are limiting the downside in crude prices.
