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Barchart
Barchart
Rich Asplund

Crude Oil Prices Rally on Bullish EIA Inventory Report and Russia's Promise of Additional Production Cuts

Oil EIA United States Russia OPEC Exxon

Sep WTI crude oil (CLU24) today is up +0.80 (+1.04%), and Sep RBOB gasoline (RBU24) is up +0.0384 (+1.62%).

Crude oil and gasoline prices today are higher on a bullish weekly EIA report.  The energy markets have been to shake off today's sharp sell-off in US stocks and weak US manufacturing PMI and new home sales reports.

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