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Barchart
Barchart
Rich Asplund

Crude Gives Up Early Gains and Closes Lower on Weak Chinese Energy Demand

January WTI crude oil (CLF25) Friday closed down -0.72 (-1.05%), and January RBOB gasoline (RBF25) closed down -0.0296 (-1.53%).

Crude oil and gasoline prices on Friday gave up early gains and settled moderately lower, with crude posting a 1-1/2 week low and gasoline dropping to a 2-month low.  Concerns that weakness in China's economy will dampen its crude demand are weighing on oil prices.  

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