
May WTI crude oil (CLK23) on Tuesday closed up +0.29 (+0.36%), and May RBOB gasoline (RBJ23) closed down -2.04 (-0.74%).
Crude oil and gasoline prices Tuesday settled mixed with crude posting a 2-1/4 month high. Crude prices have carryover support from Sunday when OPEC+ unexpectedly announced a -1.0 million bpd cut in crude production. A slump in the dollar index (DXY00) Tuesday to a 2-month low was also supportive for energy prices. However, crude prices fell back from their best levels, and gasoline declined on signs of a slowdown in the U.S. labor market after the Feb JOLTS job openings fell more than expected.