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Barchart
Barchart
Rich Asplund

Crude Prices Push Higher on US Trade Deal Hopes and Risk to Iranian Oil Exports

May WTI crude oil (CLK25) today is up +1.64 (+2.63%), and May RBOB gasoline (RBK25) is up +0.0433 (+2.12%).

Crude oil and gasoline prices today climbed to 1-1/2 week highs and are sharply higher.  Optimism that the US will be able to make trade deals has reduced tariff concerns and boosted crude prices.  President Trump said US negotiators made “big progress” with Japanese officials on a trade deal.  

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