EXPLAINED: 21 - The Real Truth

Crude Prices Retreat on Chinese Growth Concerns

September WTI crude oil (CLU23 ) on Wednesday closed down -1.61 (-1.99%), and Sep RBOB gasoline (RBU23 ) closed up +1.95 (+0.68%). Crude oil and gasoline prices Wednesday settled mixed, with crude falling to a 1-1/2 week low. A stronger dollar Wednesday weighed on energy prices, as did the decline...

Barchart · Aug 16, 2023

Crude Prices Slip on Chinese Growth Concerns

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is up +2.54 (+0.89%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. However, crude is under pressure on concerns about China's economic...

Barchart · Aug 16, 2023

Crude Prices Settle Lower on Chinese Energy Demand Concerns

September WTI crude oil (CLU23 ) on Tuesday closed down -1.52 (-1.84%), and Sep RBOB gasoline (RBU23 ) closed down -5.86 (-2.02%). Crude oil and gasoline prices Tuesday closed moderately lower. Crude prices were under pressure Tuesday on concerns about global oil demand after China reported weaker-than-expected industrial activity and...

Barchart · Aug 15, 2023

Crude Pushes Higher as the IEA Sees Record Global Crude Consumption

September WTI crude oil (CLU23 ) this morning is up +0.65 (+0.78%), and Sep RBOB gasoline (RBU23 ) is up +4.87 (+1.68%). Crude oil and gasoline prices this morning are moderately higher. Crude prices are climbing after today's monthly report from the International Energy Agency (IEA) said global oil demand...

Barchart · Aug 11, 2023

Crude Tumbles on Energy Demand Concerns and Dollar Strength

September WTI crude oil (CLU23 ) on Thursday closed down -1.58 (-1.87%), and Sep RBOB gasoline (RBU23 ) closed down -2.37 (-0.81%). Crude oil and gasoline prices Thursday gave up an early advance and closed moderately lower. Crude fell back from an 8-3/4 month high posted in overnight trade and...

Barchart · Aug 10, 2023

Crude Falls on Energy Demand Concerns

September WTI crude oil (CLU23 ) this morning is down -0.68 (-0.81%), and Sep RBOB gasoline (RBU23 ) is down -3.07 (-1.05%). Crude oil and gasoline prices this morning are moderately lower. Crude fell back from an 8-3/4 month high posted in overnight trade and moved lower as funds liquidated...

Barchart · Aug 10, 2023

Crude Rallies on Concern about Disruptions to Russian Crude Exports

September WTI crude oil (CLU23 ) on Wednesday closed up +1.48 (+1.78%), and Sep RBOB gasoline (RBU23 ) closed up +8.33 (+2.93%). Crude oil and gasoline prices Wednesday posted moderate gains, with crude climbing to an 8-3/4 month high and gasoline rising to a 2-week high. Oil prices rallied on...

Barchart · Aug 9, 2023

Crude Prices Climb on Concern about Disruptions to Russian Crude Exports

September WTI crude oil (CLU23 ) this morning is up +1.02 (+1.23%), and Sep RBOB gasoline (RBU23 ) is up +6.70 (+2.35%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to an 8-3/4 month high. Oil prices are higher on concern that Russian crude oil...

Barchart · Aug 9, 2023

Crude Oil Rallies on Concern About Escalation in the Russia-Ukraine War

September WTI crude oil (CLU23 ) on Tuesday closed up +0.98 (+1.20%), and Sep RBOB gasoline (RBU23 ) closed up +4.07 (+1.45%). Crude oil and gasoline prices Tuesday shook off early losses and closed moderately higher on concerns about disruptions to Russian crude supplies. Ukraine President Zelensky said his country...

Barchart · Aug 8, 2023

Crude Undercut by Concern about Weak Chinese Energy Demand

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is down -0.37 (-0.13%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy prices. Also, concerns about China's economy are undercutting crude prices...

Barchart · Aug 8, 2023