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Rich Asplund

Crude Prices Fall as Weekly EIA Inventories Jump

EIA Oil OPEC United States Bank of America

March WTI crude oil (CLH25) today is down -0.63 (-0.85%), and March RBOB gasoline (RBH25) is down -0.0060 (-0.29%).

Crude and gasoline prices today are moderately lower. Crude is under pressure today from a stronger dollar, and after the weekly EIA crude and gasoline inventories rose more than expected. However, losses in crude are limited on the outlook for global supplies to remain tight with the US expected to raise tariffs on major crude supplier Canada on Saturday.

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