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Barchart
Barchart
Rich Asplund

Crude Prices Close Higher on Positive US and US and Chinese Economic Reports

United States Oil OPEC Russia Vortexa Israel

May WTI crude oil (CLK24) on Monday closed up +0.45 (+0.65%), and May RBOB gasoline (RBK24) closed down -1.06 (-0.39%).

Crude and gasoline prices on Monday settled mixed, with crude climbing to a 5-month high.  Signs of strength in US and Chinese energy demand pushed crude prices higher Monday after US and Chinese manufacturing activity expanded more than expected last month.  Gains in crude were limited after the dollar index climbed to a 4-1/2 month high, and the crude crack spread fell to a 3-1/2 week low.  

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