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Barchart
Barchart
Rich Asplund

Dollar Strength Weighs on Crude

Oil OPEC United States

June WTI crude oil (CLM24) on Monday closed down -0.26 (-0.32%), and June RBOB gasoline (RBM24) closed down -3.43 (-1.33%).

Crude oil and gasoline on Monday gave up an early advance and posted moderate losses.  A stronger dollar on Monday weighed on energy prices.  Losses in crude Monday were limited by a rally in stocks, which shows confidence in the economic outlook that supports energy demand.

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