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August WTI crude oil (CLQ24) on Friday closed down -0.20 (-0.24%), and Aug RBOB gasoline (RBQ24) closed down -2.53 (-1.00%). Crude oil and gasoline prices Friday settled moderately lower. Crude prices Friday fell back from a 1-3/4 month high and turned lower on concerns about global energy demand. Crude oil on Friday initially moved higher on heightened tensions in the Middle East, with Israel close to a full-blown war with Hezbollah in Lebanon and with Houthi rebels in Yemen stepping up their attacks on commercial shipping in the region. Friday’s global economic news was mixed for energy dema…

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