Crude Oil
Nov crude oil this morning is up +93 cents (+1.84%) at a 1-1/2 week high and Nov gasoline is +0.0342 (+2.16%). Thursday's closes: Nov WTI crude -0.70 (-1.36%), Nov gasoline -0.0260 (-1.62%). Nov crude oil and gasoline on Thursday closed lower on a stronger dollar and the +1.32 million bbl increase in crude supplies at Cushing to a 4-1/2 month high. Gasoline prices were supported by the +2.49 million bbl increase in EIA gasoline stockpiles, more than expectations of +200,000 bbl. Crude oil found some support on the -0.8% decline in U.S. crude production to 9.48 million bpd in the week ended Oct 6.