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Rich Asplund

RARE PHOTOS: Crude pushes higher on dollar weakness and easing u s price pressures | Vintage Vibes

Oil United States US Federal Reserve Politburo

September WTI crude oil (CLU23) this morning is up +0.11 (+0.14%), and Sep RBOB gasoline (RBU23) is up +3.04 (+1.06%).

Crude oil and gasoline prices this morning are moderately higher, with gasoline posting a 9-month high. A weaker dollar today is bullish for energy prices. Crude prices also have support on today's weaker-than-expected U.S. inflation news that may allow the Fed to stop raising interest rates, bolstering the outlook for the U.S. economy to avoid a recession. Today's mixed global economic news is bearish for growth prospects and energy demand.

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