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Barchart
Barchart
Rich Asplund

BIZARRE: Crude prices settle lower on energy demand concerns - You Need To See This

Oil OPEC Merz Russia United States

October WTI crude oil (CLV25) on Friday closed down -0.59 (-0.91%), and October RBOB gasoline (RBV25) closed down -0.0213 (-1.07%).

Crude oil and gasoline prices moved lower on Friday as a slide in stocks prompted a risk-off sentiment in asset markets.  Also, Friday's weaker-than-expected global economic news was bearish for energy demand and crude prices.  Losses in crude were limited on speculation that Europe and its allies will ramp up sanctions on Russia for not seeking to end the war in Ukraine.  

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