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Barchart
Barchart
Rich Asplund

Crude Prices Fall on Risk-Off Sentiment in Asset Markets

October WTI crude oil (CLV25) today is down -0.55 (-0.85%), and October RBOB gasoline (RBV25) is down -0.0184 (-0.92%).

Crude oil and gasoline prices are under pressure today as a slide in stocks has prompted a risk-off sentiment in asset markets.  Also, today's weaker-than-expected global economic news is bearish for energy demand and crude prices.  Losses in crude are limited on speculation that Europe and its allies will ramp up sanctions on Russia for not seeking to end the war in Ukraine.  

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