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Barchart
Barchart
Rich Asplund

Crude Ends Sharply Lower on a Strong Dollar and Weak Stocks

Oil United States OPEC

August WTI crude oil (CLQ24) on Friday closed down -2.69 (-3.25%), and Aug RBOB gasoline (RBQ24) closed down -6.60 (-2.62%).

Crude oil and gasoline prices on Friday closed sharply lower, with crude sliding to a 1-month low.  A stronger dollar on Friday undercut energy prices.  Losses in crude accelerated Friday after the S&P 500 dropped to a 2-1/2 week low, which undercut confidence in the economic outlook and energy demand.  

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