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Barchart
Barchart
Rich Asplund

Crude Prices Slip on Stronger Dollar and Weak Economic News

July WTI crude oil (CLN23) on Tuesday closed down -0.41 (-0.57%), and July RBOB gasoline (RBN23) closed up +3.99 (+1.58%).  

Crude oil and gasoline prices Tuesday settled mixed.  A stronger dollar Tuesday weighed on crude prices.  Crude was also under pressure from concerns that a slowdown in the global economy would reduce energy demand.  Crude recovered from its worst levels after the World Bank raised its 2023 global GDP forecast.  

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