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Barchart
Rich Asplund

Crude Prices Retreat on Chinese Energy Demand Concerns

Oil crude oil United States China Russia IEA Iran Vortexa

September WTI crude oil (CLU23) this morning is down -1.76 (-2.139%), and Sep RBOB gasoline (RBU23) is down -2.75 (-0.95%).

Crude oil and gasoline prices this morning are moderately lower.  Crude prices are under pressure today on concerns about global oil demand after China reported weaker-than-expected industrial activity and retail sales last month.   A weaker dollar today contained losses in crude.

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