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Rich Asplund

YOU WONT BELIEVE: Crude advances after china boosts stimulus measures - What They Never Told You

Oil United States China PBOC

Nov WTI crude oil (CLX24) today is up +0.90 (+1.28%), and Nov RBOB gasoline (RBX24) is up +3.04 (+1.55%).

Crude oil and gasoline prices today are moderately higher, with crude climbing to a 3-week high. Dollar weakness today is supportive of energy prices. Also, today's action by China to increase stimulus measures is bullish for crude as they may spur economic growth that boosts energy demand. In addition, heightened tensions in the Middle East support crude prices.

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