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Rich Asplund

Crude Prices Retreat as OPEC+ Moves to Restore Crude Production

Oil OPEC Donald Trump United States China

April WTI crude oil (CLJ25) Monday closed down -1.39 (-1.99%), and April RBOB gasoline (RBJ25) closed down -0.0345 (-1.55%).

Crude oil and gasoline prices sold off Monday, with crude falling to a 2-3/4 month low.   Crude prices retreated on concern that President Trump's plans to impose tariffs on major US trading partners on Tuesday will weigh on economic growth and energy demand.  Losses in crude accelerated Monday after OPEC+ said it would restart some halted crude production in April.  

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