Crude Erases Early Gains on Energy Demand Concerns
2 Articles
2 Articles
Crude Erases Early Gains on Energy Demand Concerns
May WTI crude oil (CLK25 ) Tuesday closed down -0.28 (-0.39%), and May RBOB gasoline (RBK25 ) closed up +0.0118 (+0.52%). Crude oil and gasoline prices on Tuesday settled mixed, with gasoline posting a 7-month nearest-futures high. Dollar weakness Tuesday was supportive of crude prices. Crude also had carryover support...
Crude Oil Futures Decline Amid Weak Global Cues I Economy India
Lower Demand and Market Uncertainty Push Prices Down New Delhi (Economy India): Crude oil futures saw a decline in trading prices on Tuesday, as weaker global demand and uncertain market conditions led investors to scale back their positions. On the Multi Commodity Exchange (MCX), May delivery crude oil contracts fell by ₹7 (0.11%) to ₹6,089 per barrel, with 601 lots traded. The downward trend in global crude prices is driven by a combination of…
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