April WTI crude oil (CLJ24) this morning is down -0.12 (-0.16%), and Apr RBOB gasoline (RBJ24) is up +0.50 (+0.18%).
Crude oil and gasoline prices this morning are mixed, with gasoline climbing to a 5-3/4 month high. Today's rally in the dollar index to a 1-week high is bearish for energy prices. However, gasoline has support as Ukrainian drone strikes on three Russian refineries earlier this week halted about 125,000 bpd of Russian fuel exports. Crude also has carryover support from Thursday when the IEA said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts.
