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Barchart
Rich Asplund

Crude Oil Prices Pressured by Dollar Strength

Oil OPEC United States Vortexa Russia Red Sea

May WTI crude oil (CLK24) this morning is down -0.23 (-0.28%), and May RBOB gasoline (RBK24) is up +0.22 (+0.08%).

Crude oil and gasoline prices this morning are mixed.  Energy prices are under pressure from the rally in the dollar index to a 5-week high.  Losses in crude are limited as recent Ukranian drone attacks on Russian oil facilities have reduced Russia's average oil refining rate to a 10-month low.  

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