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Barchart
Rich Asplund

Crude Prices Climb on Outlook for Stronger U.S. Fuel Demand this Memorial Day

Oil Memorial Day United States Nymex Baker Hughes Natural Gas OPEC

June WTI crude oil (CLM23) this morning is up +1.10 (+1.57%), and June RBOB gasoline (RBM23) is up +1.08 (+0.44%).   June Nymex natural gas (NGM23) is up +0.109 (+4.81%).

Crude oil and gasoline prices this morning are moderately higher.  A weaker dollar today is giving energy prices a boost along with expectations for U.S. fuel demand to increase this Memorial Day holiday.   Gains in crude are limited as the ongoing U.S. debt-ceiling negotiations inject a risk-off sentiment in asset markets.

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