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Barchart
Barchart
Rich Asplund

Crude Prices Weaker as a Slowing U.S. Economy Undercuts Energy Demand

Oil Economy EIA United States Nymex China Natural Gas

May WTI crude oil (CLK23) this morning is down -0.55 (-0.68%), and May RBOB gasoline (RBJ23) is up +3.79 (+1.38%).  May Nymex natural gas (NGK23) is up +0.039 (+1.85%).

Crude oil and gasoline prices this morning are mixed.   A stronger dollar today is weighing on crude prices.  Also, signs of a slowdown in the U.S. economy are negative for energy demand and crude prices after today's reports on Mar ADP employment and Mar ISM services were weaker than expected.  However, losses in crude were limited, and gasoline prices rose on a bullish weekly EIA inventory report.  

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