
September WTI crude oil (CLU23) this morning is down -1.76 (-2.16%), and Sep RBOB gasoline (RBU23) is down -8.31 (-2.89%).
Crude oil and gasoline prices this morning are moderately lower. Crude prices fell back from a 3-1/2 month high and turned lower after a stock sell-off sparked a risk-off sentiment in asset markets that undercut crude prices. Today's rally in the dollar index (DXY00) to a 3-week high is also bearish for energy prices. Crude prices briefly recovered their losses after weekly EIA crude inventories fell more than expected.