October WTI crude oil (CLV25) today is down -1.20 (-1.85%), and October RBOB gasoline (RBV25) is down -0.0330 (-1.65%).
Crude oil and gasoline prices today are moving lower as global crude supply concerns eased after Russia said one of its largest refineries will soon restart after repairs were made following a Ukrainian drone attack. Gasoline prices are also under pressure as supply concerns eased when the BP refinery in Whiting, Indiana, the largest inland refinery in the US, restarted its 115,000 bpd Pipestill unit that had been shuttered since August 19 due to storms and flooding. Today's weaker dollar and better-than-expected US economic news are supportive for crude prices.
