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Crude Prices Jump on Signs US Oil Production Will Decline

Commodities & Energy

Rich Asplund

·

May 6, 2025

·

Barchart

June WTI crude oil (CLM25 ) today is up +2.47 (+4.32%), and June RBOB gasoline (RBM25 ) is up +0.0543 (+2.68%). Crude oil and gasoline prices today are sharply higher. Today's weaker dollar is bullish for energy prices. Also, short covering emerged to push crude prices higher today on concern...

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