January WTI crude oil (CLF24) this morning is down -0.27 (-0.38%), and Jan RBOB gasoline (RBF24) is up +1.63 (+0.77%).
Crude oil and gasoline prices this morning are mixed, with gasoline posting a 1-week high. A stronger dollar today is undercutting commodity prices, including crude. Also, weaker-than-expected global manufacturing news signals slack energy demand that is negative for crude oil prices. In addition, hawkish comments today from New York Fed President Williams dampened speculation about Fed rate cuts and weighed on asset markets when he said it's too early to think about cutting interest rates.
