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Rich Asplund

Crude Prices Fall as a Slide in Stocks Sparks Risk Aversion

Oil EIA United States Nymex Natural Gas

May WTI crude oil (CLK23) this morning is down -1.12 (-1.39%), and May RBOB gasoline (RBJ23) is down -7.17 (-2.61%). May Nymex natural gas (NGK23) is down -0.128 (-5.41%).

Crude oil and gasoline prices this morning are moderately lower and dropped to 2-1/2 week lows. A stronger dollar today is bearish for energy prices. Also, a slump in stocks today has prompted risk aversion and sparked the selling of most assets, including crude oil. Energy prices recovered from their worst levels after weekly EIA crude inventories fell more than expected.

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