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August WTI crude oil (CLQ24) on Wednesday closed up +2.09 (+2.59%), and Aug RBOB gasoline (RBQ24) closed up +2.38 (+0.96%). Crude oil and gasoline prices Wednesday settled moderately higher. Wednesday’s slump in the dollar index (DXY00) to a 3-3/4 month low is bullish for energy prices. Gains in crude accelerated Wednesday after weekly EIA crude inventories fell more than expected to a 5-month low. However, demand concerns limited gasoline gains after weekly EIA gasoline stockpiles unexpectedly increased. Wednesday’s US economic news was supportive of energy demand and crude prices. Jun housin…

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