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Rich Asplund

RARE PHOTOS: Crude prices pressured as weekly eia crude inventories increase | Vintage Vibes

Oil EIA United States OPEC Donald Trump China Vortexa

June WTI crude oil (CLM25) Wednesday closed down -0.52 (-0.82%) and June RBOB gasoline (RBM25) closed up +0.0040 (+0.18%).

Crude oil and gasoline prices on Wednesday settled mixed, with gasoline climbing to a 6-week high.  Crude prices fell Wednesday after weekly EIA crude inventories unexpectedly increased last week.  Also, comments from President Trump weighed on crude oil when he said he wanted to make a nuclear deal with Iran, which could end sanctions on Iranian crude exports and boost global oil supplies.  Gasoline prices rose after weekly EIA gasoline supplies fell more than expected.

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