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Rich Asplund

Crude Moves Higher on Improved Prospects for Additional China Stimulus

Oil China United States EIA Politburo

September WTI crude oil (CLU23) on Tuesday closed up +0.89 (+1.13%), and Sep RBOB gasoline (RBU23) closed down -4.28 (-1.51%).

Crude oil and gasoline prices Tuesday settled mixed, with crude posting a 3-month nearest-futures high. Crude found support Tuesday on optimism of stronger Chinese energy demand after China signaled further measures to bolster economic growth. Crude prices fell back from their best levels Tuesday, and gasoline retreated after the dollar index (DXY00) rallied to a 2-week high.

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One subscription that gives you access to news from hundreds of sites

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