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Barchart
Rich Asplund

Crude Closes Lower on Increased Iranian Crude Exports

Oil Iran crude oil United States China Russia EIA Vortexa

September WTI crude oil (CLU23) on Tuesday closed down -0.37 (-0.46%), and Sep RBOB gasoline (RBU23) closed up +1.65 (+0.60%).

Crude oil and gasoline prices Tuesday settled mixed.  Bearish factors included a stronger dollar and an increase in Iranian crude exports.  In addition, weakness in China's economy, the world's second-largest, threatens to curb its energy demand and is bearish for crude.  Losses in crude were contained by tightness in global crude supplies.

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