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Barchart
Rich Asplund

Crude Prices Fall on Energy Demand Concerns in China

Oil China United States OPEC

July WTI crude oil (CLN23) on Friday closed down -1.12 (-1.57%), and July RBOB gasoline (RBN23) closed down -1.95 (-0.75%).  

Crude oil and gasoline prices Friday posted moderate losses.  A stronger dollar Friday undercut energy prices.  Also, concern about weakness in China's energy demand is bearish for crude prices.  A bullish factor for crude was Friday's rally in the S&P 500 to a 9-3/4 month high, which shows confidence in the economic outlook and energy demand.

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