Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Prices Gain on Dollar Weakness and Heightened Geopolitical Risks

April WTI crude oil (CLJ25) Monday closed up +0.40 (+0.60%), and April RBOB gasoline (RBJ25) closed up +0.325 (+1.51%).

Crude oil and gasoline prices Monday rose to 1-1/2 week highs and settled moderately higher.  Monday's dollar weakness was bullish for crude prices.  Crude also rose on heightened geopolitical risks in the Middle East that could lead to a disruption of crude supplies after the US launched strikes against Houthi Rebels in Yemen for attacking shipping in the Red Sea.  Gains in crude were limited by hopes for a ceasefire in Ukraine, with President Trump set to speak with Russian President Putin this week as Mr. Trump pushes for an end to the three-year conflict.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.