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Rich Asplund

Crude Prices Under Pressure from Global Energy Demand Concerns

Oil Nymex United States Natural Gas World Bank

July WTI crude oil (CLN23) this morning is down -0.23 (-0.32%), and July RBOB gasoline (RBN23) is up +3.75 (+1.49%).  July Nymex natural gas (NGN23) is up +0.024 (+1.07%).

Crude oil and gasoline prices this morning are mixed.  A stronger dollar today is weighing on crude prices.  Crude is also under pressure from concerns that a slowdown in the global economy will reduce energy demand.  Crude recovered from its worst levels after the World Bank raised its 2023 global GDP forecast.  

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