Energy Demand Concerns Undercut Crude Prices

Bearish -50.0

October WTI crude oil (CLV25 ) on Wednesday closed down -0.47 (-0.73%), and October RBOB gasoline (RBV25 ) closed down -0.0129 (-0.63%). Crude oil and gasoline prices were under pressure on Wednesday from energy demand concerns. Wednesday's weaker-than-expected US housing starts and building permits reports were bearish for the economy...
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.