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Barchart
Rich Asplund

Crude Prices Settle Lower on Dollar Strength and Tariff Worries

Oil United States OPEC

April WTI crude oil (CLJ25) Friday closed down -0.59 (-0.84%), and April RBOB gasoline (RBJ25) closed down -0.0195 (-0.87%).

Crude oil and gasoline prices posted moderate losses on Friday.  Friday's rally in the dollar index (DXY00) to a 2-week high is undercutting energy prices.  Crude prices are also under pressure because of the concern that potential US tariffs against its trading partners may spark a trade war that weighs on economic growth and energy demand.

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