Crude Oil

Mar crude oil this morning is down -39 cents (-0.66%) and Mar gasoline is -0.0153 (-0.91%). Tuesday's closes: Mar WTI crude -0.10 (-0.17%), Mar gasoline +0.0068 (+0.41%). Mar crude oil and gasoline on Tuesday settled mixed. Crude oil prices were undercut by the warning from the IEA that ramped up U.S. shale-oil production threatens to swamp global markets with crude supplies along with its prediction that the U.S. may unseat Russia later this year as the world's top crude producer. Crude oil prices were also undercut by expectations for Wednesday's EIA crude inventories to climb +3.0 million bbl. Crude oil prices found supoprt from the weaker dollar.