Futures Files
Oil Slides on Demand Destruction Threats of a slowing world economy due to COVID-19 concerns pushed crude oil down this past week. Reduced air travel, a slowdown in Chinese oil imports, and a surging U.S. dollar, lowered demand for U.S. crude oil. Diesel fuel, heating oil, and gasoline tagged along for the trip South. Crude oil for September delivery traded at $62.85 per barrel midday Friday, while gasoline traded at $1.91 per gallon and heating oil at $1.93. Water Shortage Spreads While the fires and intense heat cooking our Western states impacts every aspect of life, ...