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Rich Asplund

Crude Prices Tumble after Goldman Sachs Cuts its Crude Price Forecast Again

Oil Goldman Sachs Nymex United States Natural Gas

July WTI crude oil (CLN23) this morning is down -2.25 (-3.21%), and July RBOB gasoline (RBN23) is down -9.07 (-3.50%).  July Nymex natural gas (NGN23) is down -0.021 (-0.93%).

Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 6-week low and gasoline sliding to a 1-week low.  A stronger dollar today is weighing on energy prices.  Also, global energy demand concerns are negative for crude prices after Goldman Sachs cut its crude price forecast again.

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