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Rich Asplund

Crude Prices Slip on Chinese Growth Concerns

Oil EIA United States China Russia Barclays Iran JPMorgan Chase Vortexa

September WTI crude oil (CLU23) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23) is up +2.54 (+0.89%).

Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. However, crude is under pressure on concerns about China's economic growth after JPMorgan Chase and Barclays cut their 2023 growth estimates for China. Losses in crude prices are limited after weekly EIA crude inventories fell more than expected.

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