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Barchart

Rich Asplund

Crude Oil Prices Fall on Demand Concerns

Oil United States OPEC EIA Economic Growth

Sep WTI crude oil (CLU24) today is down -1.29 (-1.65%), and Sep RBOB gasoline (RBU24) is down -0.0200 (-0.82%).

Crude oil prices today are trading lower on this week's theme of weaker global economic growth and US political uncertainty. The markets are also worried on a longer-term basis about OPEC's plan to trim its production cuts in the coming quarters. Crude oil prices are giving back most of the gains seen on Wednesday and Thursday that were driven by a bullish EIA report and Russia's promise of extra production cuts.

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