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Crude Prices Slip on Dollar Strength and Stock Weakness
Yahoo Finance·2025-11-04 20:16

December WTI crude oil (CLZ25) on Tuesday closed down -0.49 (-0.80%), and December RBOB gasoline (RBZ25) closed up +0.0067 (+0.35%). Crude oil prices moved lower on Tuesday amid pressure from a stronger dollar, as the dollar index (DXY00) rallied to a 3-month high.  Also, Tuesday's equity market slump has 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 Q ...