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Barchart
Barchart
Rich Asplund

Crude Prices End Slightly Lower on Dollar Strength

Oil Israel United States EIA OPEC

May WTI crude oil (CLK24) on Tuesday closed down -0.05 (-0.06%), and May RBOB gasoline (RBK24) closed up +3.84 (+1.38%).

Crude and gasoline prices on Tuesday settled mixed.  Tuesday's rally in the dollar index (DXY00) to a 5-1/2 month high weighed on energy prices.  However, losses in crude were limited by Middle Eastern geopolitical risks as the markets await any response from Israel to Iran's weekend drone and missile attack against Israel.  

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