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Barchart
Barchart
Rich Asplund

Crude Prices Tumble on Dollar Strength and Global Energy Demand Concerns

Oil US Federal Reserve Hezbollah United States Hamas OPEC

December WTI crude oil (CLZ23) this morning is down -2.44 (-3.02%), and Dec RBOB gasoline (RBZ23) is down -0.0593 (-2.65%).

Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 2-1/2 month low and gasoline sliding to a 4-week low.  A stronger dollar today is bearish for energy prices.  Also, a weaker demand outlook is weighing on crude prices after China's Oct exports fell more than expected and after hawkish Fed comments curbed speculation the Fed was done raising interest rates.  

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