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Barchart
Barchart
Rich Asplund

Crude Prices Ease on Energy Demand Concerns

Oil United States OPEC Vortexa

June WTI crude oil (CLM25) today is down -0.26 (-0.41%) and June RBOB gasoline (RBM25) is up +0.0018 (+0.09%).

Crude oil prices today are moving lower as weakness in equity markets has sparked risk-off sentiment in asset markets and dampened confidence in the economic outlook and energy demand.  Losses in crude are limited as the dollar index (DXY00) today fell to a 1-1/2 week low.  Crude also has support over doubts that a nuclear deal can be reached between Iran and the US.

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