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Barchart

Rich Asplund

Crude Slightly Lower on Dollar Strength and Ample US Oil Supplies

Oil United States OPEC EIA Russia

July WTI crude oil (CLN24) today is down -0.17 (-0.22%), and July RBOB gasoline (RBN24) is up +0.79 (+0.33%).

Crude oil and gasoline prices today are mixed. A stronger dollar today is undercutting energy prices. Crude prices are also weighed down by negative carryover from Wednesday after weekly EIA crude inventories unexpectedly increased. Losses in crude are limited after Russia vowed to cut back its crude production.

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