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Barchart
Barchart
Rich Asplund

Crude Prices Fall Back on Global Energy Demand Concerns

Oil United States Iran

October WTI crude oil (CLV23) on Monday closed down -0.22 (-0.25%), and Oct RBOB gasoline (RBV23) closed up +6.50 (+2.45%).

Crude oil and gasoline prices Monday settled mixed, with gasoline posting a 2-week high.  Crude fell back from a 9-3/4 month high Monday on global energy demand concerns after the European Commission cut its 2023 Eurozone GDP forecast to +0.8% from +1.1%.

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