Crude Prices Retreat on Dollar Strength and Energy Demand Concerns

February WTI crude oil (CLG26) on Tuesday closed down -1.19 (-2.04%), and February RBOB gasoline (RBG26) closed down -0.0194 (-1.13%). Crude oil and gasoline prices gave up an early advance on Tuesday and sold off sharply as the dollar strengthened.  Crude prices also retreated amid concerns about energy demand, after Saudi Arabia cut the price of its Arab Light crude for February delivery to customers for a third month. More News from Barchart Weakness in the crude crack spread is negative for oil p ...