August WTI crude oil (CLQ24) today is down -0.14 (-0.17%), and Aug RBOB gasoline (RBQ24) is down -2.83 (-1.10%).
Crude oil and gasoline prices today gave up an early advance and turned lower on US economic concerns after weekly continuing unemployment claims rose to a 2-1/2 year high, and the Jun ISM services index contracted at the steepest pace in 4 years. Crude prices today initially moved higher after the dollar index (DXY00) fell to a 2-week low. Also, today's weekly EIA report was bullish for prices after crude inventories fell more than expected, and US gasoline demand climbed to a 7-1/2 month high.
