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Crude Oil Prices Retreat on Signs of Weaker Global Energy Demand

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

June WTI crude fell $1.81, or 1.69%, while June RBOB gasoline rose 2.28 cents, or 0.63%, leaving energy prices mixed on the day. Gasoline touched a 3.75-year high even as crude gave back an early advance and settled lower. The move reflects short-term volatility in the petroleum complex rather than a clear directional macro catalyst.

Analysis

June WTI crude fell $1.81, or 1.69%, while June RBOB gasoline rose 2.28 cents, or 0.63%, leaving energy prices mixed on the day. Gasoline touched a 3.75-year high even as crude gave back an early advance and settled lower. The move reflects short-term volatility in the petroleum complex rather than a clear directional macro catalyst.

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