
Sep WTI crude oil (CLU24) on Tuesday closed down -1.08 (-1.42%), and Sep RBOB gasoline (RBU24) closed down -2.50 (-1.05%).
Crude oil prices Tuesday extended Monday's slide, with crude posting a new 7-week low. Tuesday's rally in the dollar index (DXY00) to a 2-1/2 week high was 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%.