Crude oil and gasoline prices on Wednesday recovered from early losses and closed higher, with gasoline climbing to a 5-week high. Strength in the crude crack spread sparked short-covering in crude after the crack spread Wednesday climbed to a 4-week high, encouraging refiners to boost their crude purchases to refine into gasoline and distillates. Crude prices on Wednesday initially fell to a 1-week low after the dollar index
DXY
rallied to an 8-week high and after weekly EIA crude inventories unexpectedly rose.
DXY
rallied to an 8-week high and after weekly EIA crude inventories unexpectedly rose.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.