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Rich Asplund

Global Energy Demand Concerns Weigh on Crude Prices

Oil United States Vladimir Putin China Economic Growth OPEC Russia

January WTI crude oil (CLF25) today is down -0.75 (-1.05%), and January RBOB gasoline (RBF25) is down -0.0263 (-1.31%).

Crude oil and gasoline prices today are moderately lower. Lackluster Chinese economic news today signals weak economic growth that is bearish for energy demand and crude prices. Also, last month's weaker-than-expected U S and Eurozone manufacturing activity was bearish for crude. Losses in crude are limited today due to a weaker dollar.

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