
May WTI crude oil (CLK25) Monday closed down -1.60 (-2.47%), and May RBOB gasoline (RBK25) closed down -0.0335 (-1.60%).
Crude oil and gasoline prices on Monday settled moderately lower. Monday's plunge in equity markets sparked risk-off sentiment in asset markets and weighed on energy prices. Also, the ongoing US-China trade war threatens to slow economic growth and energy demand. Losses in crude were contained after the dollar index (DXY00) sank to a 3-year low.