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Rich Asplund

THE TRUTH ABOUT: Crude finishes lower on dollar strength - The Untold Story

Oil United States OPEC Citigroup EIA

August WTI crude oil (CLQ24) on Friday closed down -0.56 (-0.69%), and Aug RBOB gasoline (RBQ24) closed up +1.15 (+0.46%).

Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 1-month high. Crude on Friday fell back from a 7-week high and turned lower after the dollar index (DXY00) rallied to a 7-week high. Crude prices Friday initially moved higher on carryover support from Thursday's weekly EIA report that showed US crude supplies declined and gasoline demand rose to a 7-month high.

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