
Sep WTI crude oil (CLU24) today is down -0.91 (-1.20%), and Sep RBOB gasoline (RBU24) is down -2.51 (-1.06%).
Crude oil prices today extended Monday's slide, with crude posting a new 7-week low. Today's rally in the dollar index (DXY00) to a 2-1/2 week high is bearish for energy prices. Also, energy demand concerns in China, the world's second-largest crude consumer, are weighing on crude prices after Citigroup cut its 2024 China GDP estimate to 4.8% from 5.0%.