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Barchart
Rich Asplund

Crude Gains as Weekly EIA Inventories Climb Less Than Expected

EIA Oil crude oil United States Hurricane Hurricane Francine

Oct WTI crude oil (CLV24) today is up +1.11 (+1.69%), and Oct RBOB gasoline (RBV24) is up +1.22 (+0.65%).

Crude oil and gasoline prices today are moderately higher.  Crude found support today from a smaller-than-expected build in weekly EIA crude inventories.  Also, Hurricane Francine is expected to make landfall in Louisiana later today, where eight major US refineries lie in its path.  Crude is being undercut by today's rally in the dollar index to a 1-week high.

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