March WTI crude oil (CLH25) Thursday closed down -0.82 (-1.09%), and March RBOB gasoline (RBH25) closed up +0.0084 (+0.40%).
Crude and gasoline prices settled mixed on Thursday, with crude falling to a 1-1/2 week low. Crude gave up early gains Thursday and turned lower after President Trump said he would push Saudi Arabia and OPEC to reduce the price of crude. Crude prices Thursday initially moved higher due to a weaker dollar and signs of tighter global supplies as US sanctions on Russian crude have tightened global oil markets. Thursday's weekly EIA report was mixed for crude prices and products as crude inventories fell to a 2-3/4 year low, but gasoline supplies climbed to an 11-month high.
