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Barchart
Barchart
Rich Asplund

Crude Prices Fall as Risk-Off Sentiment Weighs on Commodities

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.  

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