Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Prices Pressured by a Stronger Dollar and Elevated Cushing Inventories

Oil United States OPEC EIA

July WTI crude oil (CLN24) today is down -0.41 (-0.53%), and July RBOB gasoline (RBN24) is up -0.05 (-0.02%).

Crude oil and gasoline prices today are under pressure and fell to new 1-week lows.  Today's rally in the dollar index (DXY00) to a 1-week high is undercutting energy prices.  Crude also had a negative carryover from Wednesday when weekly EIA crude inventories unexpectedly rose, and stockpiles at Cushing, the delivery point of WTI futures, climbed to a 10-month high.  Better-than-expected global manufacturing news today supports energy demand and limits losses in crude prices.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Selena Gomez Admits Vaping Nicotine 'Changed' Her Voice as She Opens Up About Struggling to Quit: 'It's Just Not Worth It'
Selena Gomez says vaping nicotine changed her voice as she reveals how difficult it has been to quit and urges others to think twice before vaping.
International Business Times UK
International Business Times UK
Woman compares an $85 men’s sweater at Abercrombie to a women’s version. Then she reveals the fabric difference: ‘This is blasphemy’
The price is the same; the materials are not
We Got This Covered
We Got This Covered
Lost Eloise portrait found in dumpster sells for $100,000 after decades in closet
In a fascinating twist of fate, Eloise's original portrait, crafted by Hilary Knight in 1956, mysteriously disappeared during a Junior League Ball in 1960. Rediscovered in a dumpster, it lay dormant in Knight's closet for years, only to be brought back to life at a 2017 exhibition at the New-York…
The Times of India
The Times of India
Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says
During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.
International Business Times UK
International Business Times UK
Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later
While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…
The Times of India
The Times of India
‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow
Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play