
September WTI crude oil (CLU25) on Monday closed up +1.55 (+2.38%), and September RBOB gasoline (RBU25) closed up +0.0388 (+1.88%).
Crude oil and gasoline prices rallied sharply on Monday to 1-week highs. Concerns about the possibility of tighter global oil supplies boosted crude prices Monday after President Trump said he would move up the deadline for Russia to agree to a truce with Ukraine. Also, positive trade news supports energy demand and crude prices after the EU and the US agreed to a trade deal and after the South China Post reported that the US and China will extend their trade truce for another three months. Monday's stronger dollar was a bearish factor for crude prices.