Crude Prices Undercut by Dollar Strength and Weakness in Stocks

December WTI crude oil (CLZ25) today is down -0.29 (-0.48%), and December RBOB gasoline (RBZ25) is up +0.0049 (+0.26%). Crude oil prices are under pressure today from a stronger dollar, with the dollar index (DXY00) climbing to a 3-month high.  Today's slump in equity markets has also curbed confidence in the economic outlook and energy demand.  Losses in crude are limited by carryover support from Sunday, when OPEC+ announced that additional crude production hikes will be paused in Q1. More News from Ba ...