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Barchart
Barchart
Rich Asplund

Crude Settles Higher as the IEA Sees Record Global Crude Consumption

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

September WTI crude oil (CLU23) on Friday closed up +0.37 (+0.45%), and Sep RBOB gasoline (RBU23) closed up +6.02 (+2.07%).

Crude oil and gasoline prices Friday posted moderate gains.  Crude prices rose Friday after a monthly report from the International Energy Agency (IEA) said global oil demand has surged to a record and that crude prices may move even higher.  Crude prices fell back from their best levels Friday when the dollar index (DXY00) climbed to a 5-week high.

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