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Barchart
Barchart
Rich Asplund

Crude Prices Fall on Bearish Weekly EIA Report

EIA Oil OPEC Russia Vortexa United States

May WTI crude oil (CLK24) on Wednesday closed down -0.27 (-0.33%), and May RBOB gasoline (RBK24) closed down -1.34 (-0.50%).

Crude and gasoline prices on Wednesday posted mild losses, with gasoline falling to a 1-1/2 week low.  A stronger dollar on Wednesday was bearish for energy prices.  Also, Wednesday's weekly EIA report was mainly bearish after crude and gasoline inventories unexpectedly rose.  

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