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Barchart
Barchart
Rich Asplund

Crude Little Changed as Risk Assets Recover on Trade Deal Hopes

Oil United States Donald Trump OPEC China Hamas Vortexa

May WTI crude oil (CLK25) today is down -0.07 (-0.12%), and May RBOB gasoline (RBK25) is up +0.0041 (+0.20%).

Crude oil and gasoline prices today are mixed.  Hopes that the US will accomplish trade deals have sent stock prices soaring today and boosted risk-on sentiment for asset markets.  Gains in crude are limited on concern the global trade war could escalate and derail economic growth and energy demand after President Trump said the US would impose retaliatory tariffs on China if it refuses to rescind tariffs it imposed on US goods.  

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