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Barchart
Barchart
Rich Asplund

Crude Rallies on Dollar Weakness and Geopolitical Risks in Middle East

May WTI crude oil (CLK24) on Thursday closed up +1.16 (+1.36%), and May RBOB gasoline (RBK24) closed up +3.33 (+1.21%).

Crude and gasoline prices Thursday recovered from early losses and moved higher, with crude climbing to a 5-1/4 month high and gasoline climbing to a 7-month high.  Thursday's slide in the dollar index to a 2-week low was bullish for energy prices.

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