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Rich Asplund

Crude Prices Fade on Dollar Strength and Waning Trade Deal Optimism

Oil OPEC United States Iraq

September WTI crude oil (CLU25) today is down -0.48 (-0.73%), and September RBOB gasoline (RBU25) is down -0.0029 (-0.14%).

Crude oil and gasoline prices erased an early advance today and turned lower due to a stronger dollar.  Also, optimism for the US to reach new trade deals was dampened, which weighed on crude prices, after President Trump said the US has a 50-50 chance of striking a trade deal with Europe before next week's deadline.  

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