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Barchart

Rich Asplund

Crude Slightly Higher on US Economic Strength and a Fall in Weekly EIA Crude Supplies

EIA Oil United States Economic Growth Iran Israel

Nov WTI crude oil (CLX24) today is up +0.08 (+0.11%), and Nov RBOB gasoline (RBX24) is up +0.20 (+0.10%).

Crude prices today are slightly higher on stronger-than-expect US economic news that supports economic growth and energy demand. Also, today's rally in the S&P 500 to a new record high shows confidence in the economic outlook that is positive for energy demand. Crude also found support on today's bullish weekly EIA report.

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