Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Prices Fall Back on Weaker-Than-Expected U.S. Economic News

November WTI crude oil (CLX23) this morning is down -0.60 (-0.64%), and Nov RBOB gasoline (RBX23) is down -0.307 (-1.20%).

Nov WTI crude oil and gasoline prices this morning are moderately lower, with crude prices falling back from a 13-month high.  Weaker-than-expected U.S. economic news today sparked energy demand concerns and undercut crude prices.  Weakness in the dollar today limited losses in crude prices.  Crude also has carryover support from Wednesday after EIA crude inventories fell to a 9-month low and crude supplies at Cushing, the delivery point of WTI futures, dropped to a 14-month low.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.