Sep WTI crude oil (CLU24) today is down -0.07 (-0.10%), and Sep RBOB gasoline (RBU24) is down -2.04 (-0.98%).
Crude oil and gasoline prices today gave up early gains and turned lower, with gasoline falling to a 6-1/2 month low. US energy demand concerns are undercutting crude prices after the US Bureau of Labor Statistics (BLS) revised US payrolls down more than expected. Also, hopes for a cease-fire deal between Israel and Hamas are taking some risk premium out of crude prices. Losses in crude are limited as the dollar index tumbled to a 7-1/2 month low, and after the weekly EIA crude inventories fell more than expected to a 6-1/2 month low.
