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April WTI crude oil (CLJ24) this morning is up +0.78 (+1.02%), and Apr RBOB gasoline (RBJ24) is up +3.92 (+1.56%).
Crude oil and gasoline prices this morning shook off early losses and are moderately higher. A weaker dollar (DXY00) today is bullish for energy prices. Also, the disruption to some Libyan crude exports is supportive of crude. In addition, a jump in the crude crack spread today to a 5-month high is positive for crude prices.