October WTI crude oil (CLV25) on Friday closed down -0.89 (-1.40%), and October RBOB gasoline (RBV25) closed down -0.0407 (-2.02%).
Crude oil and gasoline prices retreated on Friday as the dollar strengthened (DXY00). Also, the outlook for additional global oil supplies is bearish for crude prices after Reuters reported that Iraq is near a deal to resume crude oil exports from its Kurdistan region to Turkey. Losses in crude are limited as Ukraine ramped up its attacks against Russian refineries, which threaten to tighten global oil supplies.
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Crude prices came under pressure on Friday after Reuters reported that Iraq has given preliminary approval to a plan to resume pipeline oil exports from its Kurdistan region through…
