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Rich Asplund

Crude Oil Prices Undercut by Dollar Strength and Bearish EIA Report

Oil EIA Donald Trump United States OPEC

February WTI crude oil (CLG25) today is down -0.81 (-1.09%), and February RBOB gasoline (RBG25) is down -0.0219 (-1.08%).

Crude prices today fell back from a 3-month high and are moderately lower. Today's dollar strength today is bearish for energy prices. Crude added to its losses today on a bearish weekly EIA report that showed crude inventories fell less than expected last week and gasoline and distillate supplies rose more than expected.

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