
April WTI crude oil (CLJ24) on Tuesday closed down -0.59 (-0.75%), and Apr RBOB gasoline (RBJ24) closed down -5.29 (-2.05%).
Crude oil and gasoline prices on Tuesday gave up an early advance and turned lower. Crude prices came under pressure after Tuesday's weaker-than-expected U.S. economic news on Jan factory orders and Feb ISM services raised concerns about energy demand. Also, Tuesday's slump in equities dampened confidence in the economic outlook, which is negative for energy demand.