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Rich Asplund

MYSTERIOUS: Crude oil prices close lower as economic concerns dominate - What They Never Told You

Oil crude oil LAGARDE United States ECB Economic Growth

August WTI crude oil (CLQ23) Tuesday closed down -1.67 (-2.41%), and Aug RBOB gasoline (RBQ23) closed down -3.27 (-1.33%).

Crude oil fell as concern resurfaced about Chinese and global economic growth. ECB President Lagarde Tuesday reiterated hawkish comments. Also, there is no longer any concern about Russian oil output disruptions from the weekend insurrection after Wagner Group leader Prigozhin arrived Tuesday in Belarus for his exile.

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