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Rich Asplund

Crude Climbs Ahead of Weekly EIA Inventory Report

Oil EIA United States OPEC Russia China Drone

March WTI crude oil (CLH25) today is up +0.58 (+0.80%), and March RBOB gasoline (RBH25) is up +0.0019 (+0.09%).

Crude oil and gasoline prices today are moderately higher. Today's weaker dollar is supportive of energy prices. Crude also has carryover support from this week's drone attack on a Russian pumping station that could reduce Kazakhstan crude oil exports by 30%. In addition, crude is climbing from Wednesday's report from Bloomberg that said OPEC+ is considering a delay of monthly supply increases that are currently due to start in April.

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