Crude oil and gasoline prices are down today due to a stronger dollar and weaker US housing starts and building permits reports. However, losses are limited as weekly EIA crude inventories and gasoline supplies fell more than expected. Additionally, Ukraine’s attacks on Russian refineries and oil infrastructure are bullish for crude prices. Concerns about the ongoing war in Ukraine potentially leading to additional sanctions on Russian energy exports are also supporting crude prices. Furthermore, a decrease in crude oil stored on tankers and OPEC+ agreeing to gradual production increases are contributing to oil price support.

Read more at Yahoo Finance: Dollar Strength and Energy Demand Concerns Weigh on Crude Prices