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Barchart
Barchart
Rich Asplund

Crude Closes Lower on Concerns About Weak Chinese Economic Activity

Oil China OPEC Donald Trump United States Economy

March WTI crude oil (CLH25) Monday closed down -1.49 (-2.00%), and March RBOB gasoline (RBH25) closed down -0.0217 (-1.05%).

Crude and gasoline prices tumbled to 2-week lows Monday and settled moderately lower.  Crude prices were under pressure Monday due to the concern that weakness in China's economy will keep its energy demand depressed.  Also, Monday's stock rout sparked a risk-off sentiment in asset markets.  Losses in crude were contained as the dollar index (DXY00) fell to a 5-week low.

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