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Barchart
Barchart
Rich Asplund

Crude Gives Up Early Gains on Global Energy Demand Concerns

Oil United States OPEC Hezbollah

August WTI crude oil (CLQ24) today is down -0.29 (-0.35%), and Aug RBOB gasoline (RBQ24) is down -1.78 (-0.70%).

Crude oil and gasoline prices today are moderately lower.  Crude prices today fell back from a 1-3/4 month high and turned lower on concerns about global energy demand.  Crude today initially moved higher on heightened tensions in the Middle East, with Israel close to a full-blown war with Hezbollah in Lebanon and with Houthi rebels in Yemen stepping up their attacks on commercial shipping in the region.  

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