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Rich Asplund

UNBELIEVABLE: Crude oil falls on technical selling and energy demand concerns | History Defined

Oil crude oil OPEC United States AAA

February WTI crude oil (CLG24) this morning is down -1.07 (-1.42%) on Tuesday, and Feb RBOB gasoline (RBG24) is up +1.62 (+0.75%).

Crude oil and gasoline prices this morning are mixed. Crude prices are under pressure today from technical selling as funds close out their crude positions ahead of year-end. Also, global energy demand concerns are weighing on crude prices. Losses in crude are limited, and gasoline rose today after the dollar index (DXY00) tumbled to a 5-month low.

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