Crude oil and gasoline prices are down today due to a stronger dollar and Saudi Arabia’s decision to maintain steady crude prices. OPEC+ agreed to a smaller-than-expected increase in crude production levels on Sunday. Reduced production in Russia due to a drone attack is supporting oil prices.

Crude oil prices fell after Aramco kept oil prices steady for Asian customers, signaling weak energy demand. OPEC+ agreed to a smaller production increase than expected. Reduced crude production in Russia due to a drone attack is affecting oil prices positively. Ukraine has targeted Russian refineries, impacting oil exports.

Crude oil prices found support after OPEC+ agreed to increase crude production by 137,000 bpd. Reduced crude production in Russia due to a drone attack is also supporting oil prices. A decrease in crude oil stored on tankers is bullish for oil prices. OPEC’s September crude production rose to 29.05 million bpd, the highest in 2.5 years.

Crude oil prices tumbled to lows due to a larger OPEC+ crude production outlook. Iraq’s agreement to resume oil exports from Kurdistan could add to global supplies. Concerns over Russian energy exports due to the war in Ukraine are affecting global oil supplies and prices negatively.

US crude inventories were below the seasonal average, while crude oil production remained steady. The number of active US oil rigs fell slightly. The EIA report and Baker Hughes data indicate trends in US oil production and inventory levels.

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