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Barchart
Rich Asplund

Crude Prices Slip on Dollar Strength and Ample Global Supplies

Oil Donald Trump OPEC United States Russia Ukraine

November WTI crude oil (CLX25) today is down -0.17 (-0.30%), and November RBOB gasoline (RBX25) closed down -0.0191 (-1.04%).

Crude oil and gasoline prices gave up an early advance today and turned lower as the dollar (DXY00) strengthened.  Crude is also being undercut by negative carryover from last Thursday, when President Trump said he'll meet with Russian President Putin to discuss ending the war in Ukraine, which raises the possibility of increased Russian oil supply.  

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