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Barchart
Barchart
Rich Asplund

BIZARRE: Tight global supplies boost crude prices - What They Never Told You

November WTI crude oil (CLX23) on Friday closed up +0.40 (+0.45%), and Nov RBOB gasoline (RBX23) closed down -5.62 (-2.19%).

Nov WTI crude oil and gasoline prices on Friday settled mixed, with gasoline falling to a 2-week low.  A rally in the dollar index today to a 6-1/2 month high was bearish for energy prices.  Also, Friday's decline in the S&P 500 to a 3-1/4 month low undercut confidence in the economic outlook, which was negative for energy demand.

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