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Barchart
Barchart
Rich Asplund

Crude Prices Tumble as OPEC+ May Proceed With Production Hikes

Oct WTI crude oil (CLV24) today is down -2.10 (-2.77%), and Oct RBOB gasoline (RBV24) is down -1.79 (-0.85%).

Crude oil and gasoline prices today are trading lower.  Today's rally in the dollar index to a 1-1/2 week high weighed on energy prices.  Crude also came under pressure today on a Reuters report that said OPEC+ plans to proceed with its previously announced production hikes in the fourth quarter.

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