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Barchart
Barchart
Rich Asplund

Crude Prices End Lower on Technical Selling and Energy Demand Concerns

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.  

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