
August WTI crude oil (CLQ24) Tuesday closed down -0.92 (-1.12%), and Aug RBOB gasoline (RBQ24) closed down -1.05 (-0.41%).
Crude oil and gasoline prices Tuesday fell to a 1-week low and closed moderately lower. Crude oil prices fell after the landfall of Hurricane Beryl in Texas on Monday caused minimal damage to Texas oil infrastructure, reducing supply concerns. Crude oil prices were also undercut by a stronger dollar.