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Barchart
Barchart
Rich Asplund

Crude Under Pressure as Weekly EIA Inventories Unexpectedly Build

EIA Oil crude oil United States OPEC

August WTI crude oil (CLQ24) today is down -0.50 (-0.62%), and Aug RBOB gasoline (RBQ24) is down -0.55 (-0.22%).

Crude oil and gasoline today are moderately lower, with crude falling to a 1-week low.  Today's rally in the dollar index to an 8-week high is bearish for energy prices.  Crude prices dropped to their lows today after weekly EIA crude inventories unexpectedly rose.  

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