December WTI crude oil (CLZ23) this morning is down -1.21 (-1.55%), and Dec RBOB gasoline (RBZ23) is down -0.0240 (-1.08%).
Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy prices. Crude prices extended their losses after today's weekly EIA report showed crude inventories rose more than expected. Losses in crude were limited on signs of strength in China's economy after China's Oct industrial production rose more than expected and after the S&P 500 rose to a 2-1/2 month high, boosting confidence in the economic outlook that supports energy demand and crude prices.
