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Barchart
Barchart
Rich Asplund

Crude Prices Under Pressure on Global Energy Demand Concerns

Oil OPEC United States Japan

January WTI crude oil (CLF24) this morning is down -0.32 (-0.42%), and Jan RBOB gasoline (RBF24) is down -0.0032 (-0.15%).

Crude oil and gasoline prices this morning are moderately lower.  Crude prices are under pressure on global energy demand concerns after today's economic news showed U.S. and Japanese manufacturing activity contracted more than expected.  Today's weaker dollar limits losses in crude, along with news that OPEC+ is close to resolving a dispute over output quotas that forced the group to postpone its monthly meeting.  

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