July WTI crude fell $5.21 (-5.55%) and July RBOB gasoline dropped 7.98 cents (-2.54%) on Wednesday, marking a second straight sharp decline. Crude hit a 5-week low and gasoline a 6-week low, signaling renewed downside pressure across the energy complex. The move is primarily a futures-driven price break and may weigh on energy sentiment near term.
July WTI crude fell $5.21 (-5.55%) and July RBOB gasoline dropped 7.98 cents (-2.54%) on Wednesday, marking a second straight sharp decline. Crude hit a 5-week low and gasoline a 6-week low, signaling renewed downside pressure across the energy complex. The move is primarily a futures-driven price break and may weigh on energy sentiment near term.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
