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Barchart
Barchart
Rich Asplund

Crude Prices Close Higher as Iraq Dispute Curbs Crude Exports

May WTI crude oil (CLK23) on Tuesday closed up +0.39 (+0.54%), and May RBOB gasoline (RBJ23) closed up +2.54 (+0.96%).  

Crude oil and gasoline prices Tuesday extended Monday's sharp rally to 2-week highs.  Dollar weakness Tuesday was supportive of energy prices.  Also, a legal dispute between Iraq, Kurdistan, and Turkey has halted 400,000 bpd of crude flows, tightening global crude supplies.

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