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Barchart
Barchart
Rich Asplund

Crude Prices Push Higher as Global Growth Prospects Improve

Oil United States crude oil Donald Trump Xi Jinping Russia OPEC China Economic Growth EIA

December WTI crude oil (CLZ25) today is up +0.11 (+0.18%), and December RBOB gasoline (RBZ25) is up +0.0008 (+0.04%).

Crude oil and gasoline prices are slightly higher today.  An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping agreed to extend a tariff truce, roll back export controls, and reduce other trade barriers.

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