September WTI crude oil (CLU25) today is down -0.09 (-0.14%), and September RBOB gasoline (RBU25) is down -0.172 (-0.82%).
Crude oil and gasoline prices today are under pressure from a stronger dollar, as the dollar index (DXY00) rose to a 1-week high. Also, expectations that the US and Russia are working toward an agreement to end the Ukraine war are weighing on crude prices as it eases concerns that the US will ramp up additional export sanctions on Russian energy supplies. However, losses in crude are limited after comments from Ukrainian President Zelenskiy dampened hopes for a quick end to the war when he rejected any talk of Ukraine ceding territory to Russia.
