Sep WTI crude oil (CLU24) on Friday closed up +0.65 (+0.85%), and Sep RBOB gasoline (RBU24) closed down -0.89 (-0.37%).
Crude oil and gasoline prices on Friday settled mixed. A weaker dollar Friday was supportive of energy prices. Strength in stocks Friday also boosted confidence in the economic outlook, which is positive for energy demand and crude prices. In addition, concerns that tensions in the Middle East could escalate and disrupt crude supplies are underpinning crude prices as Iran has vowed to retaliate against Israel for last week's assassination of a Hamas leader in Tehran. An increase in Russian crude production that boosts global oil supplies limited gains in crude.
