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Market Impact: 0.32

Signs of Weaker Energy Demand Fuel Long Liquidation in Crude Prices

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesConsumer Demand & RetailEconomic Data

June WTI crude fell $2.01 (-1.88%) and June RBOB gasoline declined $0.0104 (-0.29%) after giving up early gains. The move reflects concerns that higher energy prices are starting to curb demand and could slow global economic growth. The article points to pressure across energy futures rather than any single supply disruption.

Analysis

June WTI crude fell $2.01 (-1.88%) and June RBOB gasoline declined $0.0104 (-0.29%) after giving up early gains. The move reflects concerns that higher energy prices are starting to curb demand and could slow global economic growth. The article points to pressure across energy futures rather than any single supply disruption.

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moderately negative

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