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Rich Asplund

Crude Oil Prices Lower on Chinese Energy Demand Concerns

Oil EIA United States

Nov WTI crude oil (CLX24) today is down -0.77 (-1.08%), and Nov RBOB gasoline (RBX24) is down -0.940 (-0.47%).

Crude oil and gasoline prices today are moderately lower. A stronger dollar today is weighing on energy prices. Oil prices are also lower on concern that Chinese fuel demand will remain stagnant despite government actions to boost stimulus measures. Crude recovered from its worst levels on today's bullish EIA inventory report. Crude oil prices also have support from Middle East tensions.

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