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Rich Asplund

Crude Retreats as Weekly EIA Crude Inventories Unexpectedly Climb

EIA Oil United States

November WTI crude oil (CLX23) on Thursday closed down -0.58 (-0.69%), and Nov RBOB gasoline (RBX23) closed down -4.51 (-2.04%).

Nov WTI crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude prices gave up an early rally Thursday as the dollar strengthened and after the weekly EIA crude report showed crude inventories unexpectedly rose and U.S. crude production climbed to a record.

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