Crude Oil

Apr crude oil this morning is down -14 cents (-0.23%) and Apr gasoline is -0.0105 (-0.55%). Wednesday's closes: Apr WTI crude -1.45 (-2.32%), Apr gasoline -0.0228 (-1.18%). Apr crude oil and gasoline on Wednesday closed lower on a stronger dollar, and on the +0.8% increase in U.S. crude production the week of Mar 2 to a record high of 10.369 million bpd. Crude oil prices were supported by the -605,000 bbl decline in crude supplies at Cushing to a 3-year low and by the unexpected -788,000 bbl decline in EIA gasoline inventories versus expectations for an increase of +1.5 million bbl.