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Barchart
Barchart
Rich Asplund

Crude Rallies on Dollar Weakness and an Unexpected Decline in EIA Crude Inventories

EIA Oil United States Nymex Natural Gas

July WTI crude oil (CLN23) this morning is up +1.07 (+1.49%), and July RBOB gasoline (RBN23) is up +5.95 (+2.32%).  July Nymex natural gas (NGN23) is up +0.041 (+1.81%).

Crude oil and gasoline prices this morning are moderately higher.  A weaker dollar (DXY00) today is pushing energy prices higher.  Also, signs of stronger Chinese crude demand gave prices a boost.  Crude prices rose to their highs this morning after weekly EIA crude inventories unexpectedly declined.  

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