August WTI crude oil (CLQ25) today is up +0.80 (+1.21%), and August RBOB gasoline (RBQ25) is up +0.0156 (+0.73%).
Crude oil prices are moving higher today on concerns about smaller global oil supplies after Iraq said it has lost about 200,000 bpd of crude production due to drone attacks on several oil fields in Kurdistan. Also, signs of strength in the US economy are positive for energy demand and crude prices on today's better-than-expected US economic reports. Gains in crude are limited due to today's rally in the dollar index (DXY00) to a 3.5-week high.
