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August WTI crude oil (CLQ24) today is up +1.00 (+1.23%), and Aug RBOB gasoline (RBQ24) is up +0.21 (+0.08%). Crude oil and gasoline prices today recovered from early losses and are moderately higher. Crude prices rebounded from a 1-1/2 week low today and moved higher after weekly EIA crude inventories unexpectedly declined. Also, a weaker dollar today is bullish for energy prices. In addition, today’s rally in the S&P 500 to a new record high shows confidence in the economic outlook that is positive for energy demand and crude prices. On the negative side for crude is today’s decline in the cr…

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