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Barchart
Rich Asplund

MYSTERIOUS: Crude slightly lower on global energy demand concerns | Mind Blowing Facts

Oil United States China Yellen Economy OPEC

August WTI crude oil (CLQ23) this morning is down -0.09 (-0.12%), and Aug RBOB gasoline (RBQ23) is up +0.30 (+0.12%).

Crude oil and gasoline prices this morning are mixed.  Concerns that a slowdown in China's economy will crimp its energy demand are weighing on crude prices today.  Also, comments from U.S. Treasury Secretary Yellen undercut crude prices when she said the risk of a U.S. recession isn't "off the table."  A bullish factor for energy prices is today's fall in the dollar index (DXY00) to a 2-week low.

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