Morning Call For Tuesday, August 15

Sep crude oil (CLU17 -0.46%) this morning is down -18 cents (-0.38%) at a 3-week low. Sep gasoline (RBU17 -0.15%) is unch. Monday's closes: Sep WTI crude -1.23 (-2.52%), Sep gasoline -0.0363 (-2.25%). Sep crude oil and gasoline on Monday fell to 2-1/2 week lows and closed lower due to a stronger dollar, and slack Chinese crude demand after China Jul crude processing fell -4.4% to 10.76 million bpd, the smallest amount of crude processed in 10-months. Another bearish factor was negative carry-over from Friday's data from Baker Hughes that showed U.S. active oil rigs in the week ended Aug 11 rose +3 to 768, the most in 2-1/3 years.


1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.