
Nov WTI crude oil (CLX24) Thursday closed up +0.28 (+0.40%), and Nov RBOB gasoline (RBX24) closed up +0.65 (+0.32%).
Crude prices Thursday posted modest gains. Stronger-than-expected US economic news Thursday was supportive of energy demand and crude prices. Also, Thursday's rally in the S&P 500 to a new record high shows confidence in the economic outlook that is positive for energy demand. Crude prices also found support on Thursday's bullish weekly EIA report.