Crude Closes Lower on Concerns About Weak Chinese Economic Activity
March WTI crude oil (CLH25 ) Monday closed down -1.49 (-2.00%), and March RBOB gasoline (RBH25 ) closed down -0.0217 (-1.05%). Crude and gasoline prices tumbled to 2-week lows Monday and settled moderately lower. Crude prices were under pressure Monday due to the concern that weakness in China’s economy will…