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Barchart
Rich Asplund

Crude Prices Sink on Global Energy Demand Concerns

Oil Nymex United States EIA Natural Gas

July WTI crude oil (CLN23) this morning is down -2.98 (-4.11%), and July RBOB gasoline (RBN23) is down -9.15 (-3.46%).  July Nymex natural gas (NGN23) is down -0.046 (-1.98%).

Crude oil and gasoline prices this morning gave up an early advance and fell sharply on concern that a slowdown in the global economy will curb energy demand.  Crude prices maintained moderate losses despite the dollar index today falling to a 2-week low.  

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