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Rich Asplund

Crude Prices Retreat on Global Energy Demand Concerns

Oil United States Vortexa

November WTI crude oil (CLX23) this morning is down -0.65 (-0.71%), and Nov RBOB gasoline (RBX23) is down -5.51 (-2.23%).

Nov WTI crude oil and gasoline prices this morning are moving lower, with gasoline tumbling to a 4-1/2 month low. Crude prices are under pressure after today’s weaker-than-expected global economic news sparked concerns that a slowdown in the global economy will undercut energy demand. A weaker dollar today is limiting losses in crude. Also, tight global crude supplies are a bullish factor for prices.

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