Crude Rallies on Dollar Weakness and Reduced US Crude Output

Written on 09/17/2024
Rich Asplund

Oct WTI crude oil (CLV24 ) today is up +0.69 (+1.00%), and Oct RBOB gasoline (RBV24 ) is up +2.67 (+1.39%). Crude oil and gasoline prices today climbed to 1-week highs and are moderately higher. Today's decline in the dollar index (DXY00 ) to a -week low is bullish for...Oil - Offshore drilling rig by nielubieklonu via iStock
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