Crude Oil

May crude oil prices this morning are up +9 cents (+0.14%) and May gasoline is up +0.0004 (+0.02%). Monday's closes: May crude -1.17 (-1.74%), May gasoline -0.0255 (-1.23%). May crude oil and gasoline on Monday closed lower on reduced Middle East tensions after the U.S. military strike on Syria was conducted quickly and on a very contained basis. Crude oil prices were also undercut by negative carry-over from last Friday's Baker Hughes report that active U.S. oil rigs rose by +7 rigs to a 3-year high of 815 rigs.