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Barchart
Rich Asplund

Crude Prices Retreat on Dollar Strength and US Tariff Policies

Oil United States OPEC Iraq Barchart

September WTI crude oil (CLU25) on Thursday closed down -0.74 (-1.06%), and September RBOB gasoline (RBU25) closed down -0.0282 (-1.28%).

Crude oil and gasoline prices retreated on Thursday.  Dollar strength undercut crude prices after the dollar index (DXY00) rallied to a 2-month high on Thursday.  Also, concerns that US tariff polices will lead to slower global economic growth and energy demand are weighing on crude prices.

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