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Barchart
Barchart
Rich Asplund

Crude Oil Prices Fall on Weakness in Global Fuel Demand

Oil United States Nymex Natural Gas

May WTI crude oil (CLK23) this morning is down -1.29 (-1.56%), and May RBOB gasoline (RBJ23) is down -6.57 (-2.32%).  May Nymex natural gas (NGK23) is up +0.177 (+8.37%).

Crude oil and gasoline prices this morning are moderately lower, with gasoline falling to a 1-1/2 week low.  A stronger dollar today is undercutting energy prices.  Also, signs of weakness in global fuel demand signal an economic slowdown that is bearish for crude prices.  

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