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Rich Asplund

MYSTERIOUS: Crude prices tumble on global demand concerns - You Need To See This

Oil Nymex United States Natural Gas OPEC

July WTI crude oil (CLN23) this morning is down -2.92 (-4.02%), and July RBOB gasoline (RBN23) is down -10.93 (-4.22%). July Nymex natural gas (NGN23) is down -0.124 (-5.13%).

Crude oil and gasoline prices this morning are sharply lower, with crude falling to a 2-week low and gasoline dropping to a 1-week low. Concerns about global demand for crude are weighing on energy prices. Crude oil prices are also being undercut by expectations that OPEC+ will maintain current crude production levels when it meets later this week.

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