Crude Prices Retreat on Dollar Strength and Possible Ukraine Peace Deal

December WTI crude oil (CLZ25) today is down -1.47 (-2.42%), and December RBOB gasoline (RBZ25) is down -0.0612 (-3.06%). Crude oil and gasoline prices are sharply lower today, with gasoline falling to a 1.5-week low.  Today's rally in the dollar index (DXY00) to a 1.5-week high is bearish for energy prices.  Crude prices are also under pressure from a report from Axios that said the Trump administration has been secretly working with Russia to draft a new plan to end the war in Ukraine.  Energy prices re ...