January WTI crude oil (CLF26) today is down -1.27 (-2.17%), and January RBOB gasoline (RBF26) is down -0.0342 (-1.92%).
Crude oil and gasoline prices are sharply lower today, with crude posting a 7-week low and gasoline slumping to a 4.75-year nearest-futures low. Concerns about a global oil glut continue to pressure crude prices. Also, today's stock weakness has dampened optimism in the economic outlook, a bearish factor for energy demand.
