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Barchart
Barchart
Rich Asplund

Crude Slightly Lower on Dollar Strength and Increased Russian Fuel Exports

Oil United States Russia OPEC RBOB Vortexa

May WTI crude oil (CLK24) this morning is down -0.19 (-0.23%), and May RBOB gasoline (RBK24) is down -3.53 (-1.29%).

Crude and gasoline prices this morning are moderately lower, with gasoline falling to a 1-week low.  A stronger dollar today is bearish for energy prices.  Also, an increase in Russian fuel exports is weighing on oil prices.  In addition, weakness in the crude crack spread is bearish for crude as the crack spread today fell to a 2-week low.

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