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Barchart
Barchart
Rich Asplund

Crude Prices Sharply Higher as Economic Concerns Ease

Oil crude oil United States Nymex Natural Gas

June WTI crude oil (CLM23) this morning is up +2.74 (+4.00%), and June RBOB gasoline (RBM23) is up +6.07 (+2.61%).   June Nymex natural gas (NGM23) is up +0.025 (+1.19%).

Crude oil and gasoline prices this morning are sharply higher.  A weaker dollar today is supportive of energy prices.  Crude prices are also climbing after today's stronger-than-expected U.S. Apr payroll report eased concerns that the U.S. economy is headed for recession.  

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