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Barchart
Barchart
Rich Asplund

Crude Prices Close Lower on Abundant US Crude Supplies

Oil United States EIA OPEC

May WTI crude oil (CLK24) on Thursday closed down -1.19 (-1.38%), and May RBOB gasoline (RBK24) closed down -0.75 (-0.27%).

Crude and gasoline prices on Thursday closed moderately lower.  Thursday's rally in the dollar index to a 4-3/4 month high pressured energy prices.  Crude also had some negative carryover from Wednesday when EIA crude inventories rose more than expected to a 9-month high.

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