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Rich Asplund

Crude Closes Lower on Energy Demand Concerns

Oil Vladimir Putin EIA OPEC Russia United States

January WTI crude oil (CLF25) Tuesday closed down -0.63 (-0.89%), and January RBOB gasoline (RBF25) closed down -0.0318 (-1.61%).

Crude oil and gasoline prices were under pressure Tuesday, with gasoline falling to a 1-week low. Concerns about weak Chinese energy demand are weighing on crude prices. Also, Tuesday's slide in stocks undercuts confidence in the economic outlook that is negative for energy demand and crude prices.

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