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Rich Asplund

Energy Demand Concerns Weigh on Crude Oil Prices

Oil United States OPEC Donald Trump Russia GDP Iran Ukraine EIA Vortexa

March WTI crude oil (CLH26) on Friday closed down -0.04 (-0.06%), and March RBOB gasoline (RBH26) closed down -0.0093 (-0.46%).

Crude oil and gasoline prices settled lower on Friday amid concerns about energy demand after the US Q4 GDP grew at a slower-than-expected pace. However, losses in crude were limited due to a weaker dollar and geopolitical risks in the Middle East.

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