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Barchart
Barchart
Rich Asplund

FOUND: Crude prices jump on dollar weakness and supportive eia report - What They Never Told You

Oil EIA OPEC Vortexa United States

April WTI crude oil (CLJ24) this morning is up +2.49 (+3.19%), and Apr RBOB gasoline (RBJ24) is up +5.10 (+2.01%).

Crude oil and gasoline prices this morning are moderately higher.  Today's decline in the dollar index (DXY00) to a 1-month low supports energy prices.  Crude prices extended their gains after today's weekly EIA report showed crude supplies rose less than expected and gasoline stockpiles fell more than expected.   Also, today's rally in equities boosts confidence in the economic outlook, which is positive for energy demand.

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