The price of WTI continued to slide on Thursday after Wednesday’s EIA report showed a slackening of gasoline demand and fears linger that a recession will cut into that demand further. WTI prices dipped below $100 per barrel on Thursday, falling $3.28 per barrel (-3.28%) by 11 a.m. ET, to $96.60. Brent crude also continued to fall, reaching $104.20 at that time—a decrease of $2.73 (-2.55%) on the day. The WTI-Brent spread is now roughly $8 per barrel. Finished motor gasoline demand rose last week to 8.521 million bpd for the week,…
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