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Rich Asplund

Crude Prices Fall Sharply after Goldman Sachs Cuts its Crude Price Forecast Again

Oil Goldman Sachs United States

July WTI crude oil (CLN23) on Monday closed down -3.05 (-4.35%), and July RBOB gasoline (RBN23) closed down -11.06 (-4.27%).

Crude oil and gasoline prices Monday sold off sharply, with crude falling to a 6-week low and gasoline sliding to a 1-week low. A stronger dollar Monday weighed on energy prices. Also, global energy demand concerns are negative for crude prices after Goldman Sachs cut its crude price forecast again.

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