Oil prices dipped today on worries of Chinas faltering economic recovery. With fading hope China’s economy will return to pre-pandemic levels of demand, oil markets have little to pin their hopes to for future growth, said Walter Zimmerman, chief technical analyst with ICAP-TA. “The problem is as China increasingly proves unable of getting out of its own way to the upside; much less leading the world economy, there’s not much else to lead things higher.” Also weighing on prices the dollar index extended its gains along with treasury yields. WTI traded down $.68 or -.82% to close at $82.51. Brent traded down $.60 or -.69% to close at $86.21.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
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mars
  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
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  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
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