
May WTI crude oil (CLK23) this morning is up +0.79 (+1.06%), and May RBOB gasoline (RBJ23) is up +3.74 (+1.42%). May Nymex natural gas (NGK23) is up +0.100 (+4.75%).
Crude oil and gasoline prices this morning are moderately higher. Crude prices have support on reduced global oil supplies as 400,000 bpd of Iraqi crude exports remain idled. Also, stronger-than-expected Chinese manufacturing and service sector activity shows strength in China's economy, supporting energy demand and crude prices. However, a stronger dollar today is limiting gains in crude.