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Barchart
Barchart
Rich Asplund

Crude Prices Slip on Global Energy Demand Concerns

Oil United States Vortexa OPEC

April WTI crude oil (CLJ24) this morning is down -0.34 (-0.43%), and Apr RBOB gasoline (RBJ24) is down -0.25 (-0.10%).

Crude oil and gasoline prices this morning are trading lower after weaker-than-expected global economic news sparked energy demand concerns.  Losses in crude are limited after the dollar index tumbled to a 1-week low.  Also, today's rally in the S&P 500 to a record high boosts confidence in the economic outlook, which is positive for energy demand.

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