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Rich Asplund

Crude Prices Decline on Continued Tariff Concerns

Oil United States OPEC China Economic Growth EIA

March WTI crude oil (CLH25) is down -0.59 (-0.82%), and March RBOB gasoline (RBH25) is down -0.0243 (-1.15%).

Crude oil prices are trading lower today as concern continues about US reciprocal tariff plans and a likely negative impact on global economic growth and energy demand. Also, there are hopes for a resolution for the Russia-Ukraine war, which could eventually lead to reduced sanctions on Russian oil. In addition, the IEA and US EIA this week forecasted a small oil surplus for this year.

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