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Barchart
Barchart
Rich Asplund

Crude Prices Close Lower on a Risk-Off Tone in Asset Markets

Oil United States EIA Politburo

September WTI crude oil (CLU23) on Tuesday closed down -0.43 (-0.53%), and Sep RBOB gasoline (RBU23) closed down -2.25 (-0.78%).

Crude oil and gasoline prices Tuesday settled moderately lower.  Tuesday's rally in the dollar index to a 3-week high weighed on energy prices.  Also, Tuesday's slide in stock prices prompted a risk-off sentiment in asset markets that undercut crude prices.  

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