January WTI crude oil (CLF26) today is down -0.91 (-1.51%), and January RBOB gasoline (RBF26) is down -0.0279 (-1.52%).
Crude oil and gasoline prices are moving lower today, with gasoline falling to a 1.5-week low. Dollar strength today is undercutting energy prices. Also, today's weakness in stock prices weighs on confidence in the economic outlook and energy demand. Losses in crude are limited on expectations that restrictions on Russian energy exports will remain after Ukrainian President Zelenskiy said there was no accord yet to end the Russian-Ukrainian war.
