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Barchart
Barchart
Rich Asplund

Crude Prices Fall Sharply on Economic Concerns

Oil United States OPEC

April WTI crude oil (CLJ25) is down -1.72 (-2.43%), and April RBOB gasoline (RBJ25) is down -0.0366 (-1.62%).

Crude oil prices are sharply lower due to economic concerns after today's sharp -7.0 point drop in the Feb US Consumer Confidence index to an 8-month low of 98.3.  Oil also fell in sympathy with other assets, such as stocks and cryptocurrencies.  Oil prices also saw technical selling, with today's drop in April WTI crude oil to a new 2-month low.

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