
February WTI crude oil (CLG24) on Wednesday closed down -1.46 (-1.93%) on Tuesday, and Feb RBOB gasoline (RBG24) closed down -1.05 (-0.48%).
Crude oil and gasoline prices on Wednesday settled moderately lower. Crude prices were under pressure Wednesday from technical selling as funds closed out their crude positions ahead of year-end. Also, global energy demand concerns weighed crude prices. Losses in crude were limited after the dollar index (DXY00) Wednesday tumbled to a 5-month low.