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Barchart
Rich Asplund

Crude Prices Recover as US-China Trade Tensions Ease

Oil United States China Donald Trump OPEC Russia Ukraine

November WTI crude oil (CLX25) on Friday closed up +0.08 (+0.14%), and November RBOB gasoline (RBX25) closed up +0.0260 (+1.44%).

Crude oil and gasoline prices recovered from early losses on Friday and settled higher.  Crude prices found support on Friday as US-China trade tensions eased, which is supportive for global growth prospects and energy demand.  President Trump said on Friday that the current tariffs on China are "not sustainable" and affirmed that he will meet with Chinese President Xi Jinping at the end of the month in South Korea.  

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