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Barchart
Rich Asplund

Crude Oil Prices Fall Back on Energy Demand Concerns

Oil United States OPEC Russia Ukraine EIA Iran Vortexa

April WTI crude oil (CLJ26) on Monday closed down -0.17 (-0.26%), and April RBOB gasoline (RBJ26) closed up +0.0035 (+0.16%).

Crude oil and gasoline prices gave up early gains on Monday and settled mixed, with crude retreating from a 6.5-month high.  Monday's slump in equity markets undercuts confidence in the economic outlook and energy demand, and sparked long liquidation pressures in crude oil.  

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