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Barchart
Barchart
Rich Asplund

Crude Prices Under Pressure from Concerns About Chinese Energy Demand

Oil Israel United States Drone Hezbollah OPEC Russia Vortexa

April WTI crude oil (CLJ24) this morning is down -1.45 (-1.84%), and Apr RBOB gasoline (RBJ24) is down -4.40 (-1.71%).

Crude oil and gasoline prices this morning are moderately lower on concern about Chinese energy demand.  Crude oil prices are also under pressure from signs that Israel will join peace talks in Paris on the Hamas war, which could reduce some geopolitical risk.  Losses in crude oil are limited by a weaker dollar and a rally in the S&P 500 to a record high, which indicates confidence in the economic outlook and energy demand.

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