May WTI crude oil (CLK25) Tuesday closed down -0.11 (-0.16%), and May RBOB gasoline (RBK25) closed up +0.0048 (+0.22%).
Crude oil prices Tuesday fell from a 3-week high and posted modest losses after Ukraine agreed to a partial ceasefire, raising expectations that Russian crude supplies would flow freely. Crude prices were also undercut by Tuesday's weaker-than-expected US economic news on Mar consumer confidence and Feb new home sales. Crude prices Tuesday initially moved higher on a weaker dollar and carryover support from Monday when President Trump announced a 25% secondary tariff on countries that purchase oil or gas from Venezuela, effective April 2.
