September WTI crude oil (CLU26) closed up +0.89 (+1.05%) on Wednesday, and September RBOB gasoline (RBU26) closed down -0.0466 (-1.41%).
Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday's sharp decline in the dollar index ($DXY) to a 2.5-month low was bullish for energy prices. Also, the lack of a clear path to a resolution in the Middle East is keeping the Strait of Hormuz closed and limiting crude supplies from the Middle East, keeping upward pressure on oil prices. Crude prices fell from their best level and gasoline prices turned negative on Wednesday after weekly EIA crude inventories rose more than expected and gasoline supplies unexpectedly rose.
Forecasts for Hot US Temperatures Lift Nat-Gas Prices
What Will Watson Do Wednesday?
Crude Prices Gain on Reduced Middle Eastern Oil Supplies
#wednesday #keeping
Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday's sharp decline in the dollar index ($DXY) to a 2.5-month low was bullish for energy prices. Also, the lack of a clear path to a resolution in the Middle East is keeping the Strait of Hormuz closed and limiting crude supplies from the Middle East, keeping upward pressure on oil prices. Crude prices fell from their best level and gasoline prices turned negative on Wednesday after weekly EIA crude inventories rose more than expected and gasoline supplies unexpectedly rose.
Forecasts for Hot US Temperatures Lift Nat-Gas Prices
What Will Watson Do Wednesday?
Crude Prices Gain on Reduced Middle Eastern Oil Supplies
#wednesday #keeping
5 hours ago
