December WTI crude oil (CLZ25) on Wednesday closed down -0.96 (-1.59%), and December RBOB gasoline (RBZ25) closed down -0.0135 (-0.70%). Crude oil and gasoline prices gave up an early advance on Wednesday and moved lower, with crude dropping to a 2-week low.  Crude prices retreated on Wednesday after weekly EIA crude supplies unexpectedly increased.  Also, Wednesday's rally in the dollar index (DXY00) to a 5.25-month high is bearish for energy prices.  Losses in crude were limited due to Wednesday's bette ...

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 ...