U.S. crude oil fell over 1.7%, impacted by concerns over demand outlook and inventories.

WTI September crude oil futures fell by $1.37, a drop of nearly 1.75%, closing at $76.98 per barrel, approaching the 200-day moving average, which is currently at $76.56. This marks the second consecutive day of declines amid the release of energy monthly reports by the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), along with an unexpected increase in crude oil inventories reported by the U.S. Energy Information Administration (EIA). Meanwhile, NYMEX September natural gas futures rose over 3.30%, settling at $2.2190 per million British thermal units. NYMEX September gasoline futures closed at $2.3211 per gallon, and NYMEX September heating oil futures settled at $2.3682 per gallon

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blinkix
08-15
blinkix
Nice drop in crude oil prices! [Smart]

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