The US Gasoline futures slumped today as demand concerns and sustained selling pressure after the recent uptick. The commodity is closely tracking crude oil futures and also looked at earning warning from retail giant Walmart yesterday. The selling spree was also triggered by latest US data showing that consumer confidence fell in July to its lowest level since February 2021. The US Gasoline futures fell more than 8% to $3.08 per gallon, falling further from a two week high.Powered by Commodity Insights
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