October WTI crude oil (CLV25) today is down -0.24 (-0.38%), and October RBOB gasoline (RBV25) is up +0.0031 (+0.16%).
Crude oil and gasoline prices are mixed today, with crude falling to a 1-week low. Crude prices are under pressure today on the outlook for additional global oil supplies after Iraq said it agreed to terms with the regional government of Kurdistan to resume oil exports via a pipeline to Turkey that had been halted over the past two years. Losses in crude are limited due to dollar weakness and today's rally in the S&P 500 to a new record high, which shows confidence in the economic outlook that is bullish for energy demand.
