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Barchart
Barchart
Rich Asplund

Crude Slightly Lower on Increase in Iranian Exports

September WTI crude oil (CLU23) this morning is down -0.18 (-0.22%), and Sep RBOB gasoline (RBU23) is up +1.57 (+0.57%).

Crude oil and gasoline prices this morning are mixed.  Bearish factors include a stronger dollar and an increase in Iranian crude exports.  In addition, weakness in China's economy, the world's second-largest, threatens to curb its energy demand and is bearish for crude.  Losses in crude are contained by tightness in global crude supplies.

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