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Rich Asplund

MYSTERIOUS: Crude moves higher on u s economic strength - You Need To See This

Oil United States Politburo

September WTI crude oil (CLU23) this morning is up +1.23 (+1.56%), and Sep RBOB gasoline (RBU23) is up +1.99 (+0.70%).

Crude oil and gasoline prices this morning are moderately higher, with crude posting a 3-1/4 month high and gasoline posting a 9-month high. Signs of U.S. economic strength that is bullish for energy demand is pushing crude prices higher after today's U.S. news showed Q2 GDP grew more than expected and weekly jobless claims unexpectedly fell to a 5-month low. A rally in the dollar index today to a 2-week high limits energy price gains.

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