Crude Oil

Oct WTI crude oil prices this morning are up +86 cents (+1.25%) and Oct gasoline is +2.73 (+1.38%). Monday's closes: Oct crude oil -0.08 (-0.12%), Oct gasoline +0.66 (+0.33%). Oct crude oil and gasoline on Monday settled mixed. Crude oil prices were boosted by a weaker dollar and by concern that global oil supplies will shrink due to production losses in Venezuela and looming full U.S. sanctions on Iran in November. Crude oil prices were undercut by news that Russian crude oil production in the first half of Sep rose to 11.33 million bpd from 11.21 million bpd in Aug.