May WTI crude oil (CLK25) Tuesday closed down -0.28 (-0.39%), and May RBOB gasoline (RBK25) closed up +0.0118 (+0.52%).
Crude oil and gasoline prices on Tuesday settled mixed, with gasoline posting a 7-month nearest-futures high. Dollar weakness Tuesday was supportive of crude prices. Crude also had carryover support from Monday when President Trump threatened to curtail crude exports from Russia, the world's third-largest oil producer. However, crude fell from a 5-week high Tuesday and turned lower after the release of weaker-than-expected US economic news and concern about economic damage from US tariffs.
