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Barchart

Rich Asplund

UNCOVERED: Crude falls on a stronger dollar and technical selling | History Defined

Oil United States IEA

August WTI crude oil (CLQ23) on Friday closed down -1.47 (-1.91%), and Aug RBOB gasoline (RBQ23) closed down -3.49 (-1.30%).

Crude oil and gasoline prices Friday posted moderate losses. Crude oil prices were undercut as the dollar index recovered from a 15-month low and moved higher. Also, technical selling sparked long liquidation in crude futures when crude prices failed to cross above the 200-day moving average.

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