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Rich Asplund

BIZARRE: Expectations for higher opec output weigh on crude prices | Mind Blowing Facts

Oil OPEC United States Vortexa

July WTI crude oil (CLN25) Tuesday closed down -0.64 (-1.04%), and July RBOB gasoline (RBN25) closed down -0.0275 (-1.32%).

Crude oil and gasoline prices on Tuesday settled sharply lower, with gasoline posting a 2-1/2 week low. Tuesday's stronger dollar weighed on energy prices. Crude prices were also under pressure due to concerns about oversupply, as OPEC+ is expected to increase crude output for July when it meets this Saturday.

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