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Sep WTI crude oil (CLU24) today is down -0.54 (-0.73%), and Sep RBOB gasoline (RBU24) is down -1.73 (-0.76%). Crude oil and gasoline prices today added to Monday’s losses, with crude posting a 1-1/2 week low and gasoline falling to a 6-1/2 month low. Hopes for a cease-fire deal between Israel and Hamas took some risk premium out of crude prices. Also, energy demand concerns in China are undercutting crude prices. Losses in crude are limited today after the dollar index tumbled to a 7-1/2 month low. Concern about energy demand in China, the world’s second-largest crude consumer, is bearish for …

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