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Rich Asplund

Crude Prices Fall on Concern Tariffs Will Curb Economic Growth and Energy Demand

Oil United States Economic Growth OPEC China Hamas Vortexa

May WTI crude oil (CLK25) Friday closed down -0.56 (-0.80%), and May RBOB gasoline (RBK25) closed down -0.0110 (-0.49%).

Crude oil and gasoline Friday posted moderate losses on concern that US tariffs and retaliatory tariffs will undercuts economic growth and energy demand. Other bearish factors included weaker-than-expected US economic news and Friday's slump in equity markets, which sparked risk-off sentiment in asset markets. Friday's weaker dollar limited losses in crude.

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