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Barchart
Barchart
Rich Asplund

Crude Prices Fall as Weekly EIA Crude Inventories Unexpectedly Climb

EIA Oil Nymex United States Natural Gas OPEC

June WTI crude oil (CLM23) this morning is down -0.92 (-1.25%), and June RBOB gasoline (RBM23) is up +1.76 (+0.71%).   June Nymex natural gas (NGM23) is down -0.073 (-3.22%).

Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 1-week high.  A weaker dollar is supportive of energy prices.  Also, signs of strength in fuel demand in India are supportive of crude.  However, today's weekly EIA inventory report pushed crude prices lower after it showed that U.S. crude inventories unexpectedly rose last week.  

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