June WTI crude oil (CLM23) on Friday closed down -0.31 (-0.43%), and June RBOB gasoline (RBM23) closed up +0.78 (+0.30%).
Crude oil and gasoline prices Friday gave up an early advance and settled mixed. A risk-off sentiment weighed on crude prices Friday after stocks retreated from an early rally and moved lower. Crude prices today initially climbed to a 1-week high on a weaker dollar, and economic optimism after the S&P 500 rose to a 9-month high. However, crude prices followed stocks lower as debt-ceiling talks stalled after negotiators said bipartisan talks were on a "pause." Crude prices recovered from their worst levels Friday afternoon when Baker Hughes reported active U.S. oil rigs fell to an 11-month low.
