
May WTI crude oil (CLK23) this morning is down -0.14 (-0.17%), and May RBOB gasoline (RBJ23) is down -0.17 (-0.06%). May Nymex natural gas (NGK23) is down -0.065 (-3.02%).
Crude oil and gasoline prices this morning are slightly lower. A stronger dollar today is undercutting energy prices. Also, signs of softness in the U.S. labor market point to a bearish economic slowdown for energy demand and crude prices after weekly jobless claims rose more than expected. Limiting losses is a positive carryover from Wednesday, when the weekly EIA inventory report showed crude oil inventories fell more than expected.