January WTI crude oil (CLF24) on Friday closed down -0.15 (-0.21%), and Jan RBOB gasoline (RBF24) closed up +1.82 (+0.86%).
Crude oil and gasoline prices Friday settled mixed, with gasoline posting a 1-week high. A stronger dollar on Friday undercut commodity prices, including crude. Also, weaker-than-expected global manufacturing news signaled slack energy demand that was negative for crude oil prices. In addition, hawkish comments Friday from New York Fed President Williams dampened speculation about Fed rate cuts and weighed on asset markets when he said it's too early to think about cutting interest rates.
