November WTI crude oil (CLX23) on Monday closed down -0.35 (-0.39%), and Nov RBOB gasoline (RBX23) closed down -0.85 (-0.34%).
Nov WTI crude oil and gasoline prices Monday posted moderate losses, with gasoline falling to a 3-week low. Monday’s rally in the dollar index (DXY00) to a 6-1/2 month high undercut energy prices. Crude prices were also weighed down by concerns that a worsening of China's property debt crisis will derail China's economy and energy demand. However, losses in crude were limited by expectations that global oil supplies would remain tight.
