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Barchart

Rich Asplund

Crude Prices Give Up an Early Advance as the Dollar Rallies

Oil United States OPEC Citigroup EIA

August WTI crude oil (CLQ24) today is down -0.16 (-0.20%), and Aug RBOB gasoline (RBQ24) is up +1.35 (+0.54%).

Crude oil and gasoline prices today are mixed, with gasoline rising to a 1-month high. Crude today fell back from a 7-week high and turned lower after the dollar index (DXY00) rallied to a 7-week high. Crude prices today initially moved higher on carryover support from Thursday's weekly EIA report that showed US crude supplies declined and gasoline demand rose to a 7-month high.

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