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Rich Asplund

Risk-Off Sentiment in Asset Markets Weighs on Crude Prices

Oil OPEC United States EIA Vortexa

June WTI crude oil (CLM25) Tuesday closed down -0.13 (-0.21%) and June RBOB gasoline (RBM25) closed up +0.0133 (+0.62%).

Crude oil prices on Tuesday posted modest losses as weakness in equity markets sparked risk-off sentiment in asset markets and dampened confidence in the economic outlook and energy demand. Losses in crude were limited as the dollar index (DXY00) Tuesday fell to a 1-1/2 week low.

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