
January WTI crude oil (CLF25) today is up +0.03 (+0.04%), and January RBOB gasoline (RBF25) is down -0.0203 (-1.04%).
Crude oil and gasoline prices today are mixed, with gasoline falling to a -week low. Today's dollar weakness is supportive of energy prices. Also, expectations that OPEC+ will delay planned oil production increases are bullish for crude. Gains in crude oil are limited by reduced geopolitical risks in the Middle East after Israel and Hezbollah agreed to a cease-fire. Today's weekly EIA inventory report was mixed for crude and products after crude inventories fell more than expected and gasoline supplies unexpectedly increased.