Oil prices were slightly lower today as investors took a more mixed view toward the loss of Russian capacity. Russia’s government ordered companies to cut output in the second quarter to meet a 9 million barrels per day (bpd) target to comply with pledges to the OPEC+ consumer group. “Gasoline is seeing the support of reduced availability to the global market from curtailed Russian exports that has filtered through to the U.S.,” said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. Meanwhile, a slightly weaker U.S. dollar offered some support to oil prices. WTI traded down $0.33 or -0.4% to close at $81.62. Brent traded $0.50 to close at $86.25.