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Rich Asplund

Crude Prices Settle Lower on Chinese Energy Demand Concerns

Oil crude oil United States China Russia EIA IEA Iran Vortexa

September WTI crude oil (CLU23) on Tuesday closed down -1.52 (-1.84%), and Sep RBOB gasoline (RBU23) closed down -5.86 (-2.02%).

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

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