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Rich Asplund

Crude Rallies as Tropical Storm Francine Disrupts US Gulf Crude Production

Oil United States Francine Gulf ECB

Oct WTI crude oil (CLV24) today is up +2.20 (+3.27%), and Oct RBOB gasoline (RBV24) is up +4.04 (+2.13%).

Crude oil and gasoline prices today added to Wednesday's gains and are sharply higher. Crude is climbing today on a weaker dollar. Crude is also moving higher as tropical storm Francine has disrupted US crude production in the Gulf of Mexico, reducing supplies.

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