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Barchart
Barchart
Rich Asplund

Crude Pushes Higher as the IEA Sees Record Global Crude Consumption

IEA Oil crude oil United States the International Energy Agency Russia Vortexa

September WTI crude oil (CLU23) this morning is up +0.65 (+0.78%), and Sep RBOB gasoline (RBU23) is up +4.87 (+1.68%).

Crude oil and gasoline prices this morning are moderately higher.  Crude prices are climbing after today's monthly report from the International Energy Agency (IEA) said global oil demand has surged to a record and may push crude prices even higher.  A rally in the dollar index (DXY00) today to a 1-week high limits the upside in oil prices.

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