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Rich Asplund

MYSTERIOUS: Crude posts moderate gains on dollar weakness - What They Never Told You

Oil Libya United States

Nov WTI crude oil (CLX24) Friday closed up +0.51 (+0.75%), and Nov RBOB gasoline (RBX24) closed down -0.78 (-0.40%).

Crude oil and gasoline prices settled mixed on Friday. Short covering emerged in crude oil Friday after the dollar index (DXY00) tumbled to a 14-month low. Crude also had support from optimism that this week's action by the Chinese government to increase economic stimulus measures will also boost crude oil demand.

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