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Barchart
Barchart
Rich Asplund

Dollar Strength and China Economic Concerns Weigh on Crude Prices

Oil China Nymex United States Natural Gas

June WTI crude oil (CLM23) this morning is down -1.51 (-2.06%), and June RBOB gasoline (RBM23) is down -3.37 (-1.37%).   June Nymex natural gas (NGM23) is down -0.013 (-0.58%).

Crude oil and gasoline prices this morning are moderately lower.  A stronger dollar today is weighing on energy prices along with weakness in stocks, which undercuts confidence in the economic outlook and energy demand.   Also, signs of economic weakness in China are bearish for energy demand and crude prices.

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