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Barchart
Rich Asplund

Crude Closes Higher on Lower US Crude Stockpiles

Oil United States China EIA OPEC

June WTI crude oil (CLM24) on Friday closed up +0.83 (+1.05%), and June RBOB gasoline (RBM24) closed up +3.64 (+1.43%).

Crude oil and gasoline posted moderate gains on Friday, with crude climbing to a 2-week high and gasoline climbing to a 1-week high.  Crude prices gained Friday on carryover support from Wednesday's weekly EIA report, which showed declines in crude, gasoline, and distillate inventories.  Friday's mixed Chinese economic news limited the upside in crude prices.

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