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Barchart
Barchart
Rich Asplund

Crude Prices Plunge on Energy Demand Concerns and Over-Supply Fears

April WTI crude oil (CLJ25) today is down -2.91 (-4.26%), and April RBOB gasoline (RBJ25) is down -0.0942 (-4.29%).

Crude oil and gasoline prices today are sharply lower, with crude sliding to a 1-3/4 year low.  Crude prices are under pressure today as US tariff uncertainty weighs on the outlook for energy demand.  Also, OPEC+ said Monday it plans to restart some halted crude production in April.  Crude prices extended their losses after weekly EIA crude inventories rose more than expected to a 7-month high.  Crude prices are sinking today despite a plunge in the dollar index (DXY00) to a 3-3/4 month low.  

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