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Barchart
Rich Asplund

Crude Recovers Early Losses on Energy Demand Optimism

Oil OPEC AAA Pedro United States Angola China Vortexa

January WTI crude oil (CLF24) this morning is up +0.03 (+0.04%), and Jan RBOB gasoline (RBF24) is up +0.0026 (+0.13%).

Crude oil and gasoline prices this morning recoverd from early losses and are slightly higher after the AAA predicted a record number of air travelers during Christmas week, a positive for fuel demand.  Crude prices this morning initially movd lower on a stronger dollar.  Also, weaker-than-expected price reports from China signaled weakness in the Chinese economy that is negative for energy demand and crude prices.

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