Weasel
Loc: In the Great State Of Indiana!!
Weasel wrote:
So our gas is set to skyrocket! Real Quick! br M... (
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Crude Moves Higher on Tight Global Supplies
Barchart - 59 minutes ago
November WTI crude oil (CLX23) this morning is up +0.78 (+0.88%), and Nov RBOB gasoline (RBX23) is down -4.96 (-2.06%).
Nov WTI crude oil and gasoline prices this morning are mixed, with gasoline falling to a 5-month low. Today's rally in the dollar index to a 10-1/4 month high is negative for energy prices. Crude prices have support for tightness in global crude supplies. Gains in crude are limited, and gasoline fell, as today's jump in T-note yields to a 16-year high may curb economic growth and energy demand.
Today's U.S. economic news was better than expected and was bullish for energy demand and crude prices after the Aug JOLTS job openings unexpectedly rose +690,000 to 9.610 million, showing a stronger labor market than expectations for a decline to 8.815 million.
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