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Rich Asplund

Crude Prices Post Moderate Losses as EIA Oil and Gasoline Inventories Climb

Oil EIA United States China OPEC

March WTI crude oil (CLH25) Wednesday closed down -1.67 (-2.30%), and March RBOB gasoline (RBH25) closed down -0.0483 (-2.30%).

Crude oil and gasoline prices posted moderate losses Wednesday on concern that the impact of the US-China trade war will derail global growth and energy demand. Losses in oil prices accelerated Wednesday after weekly EIA crude and gasoline inventories rose more than expected. Wednesday's slide in the dollar index to a 1-week low limited the downside in crude prices.

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