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Rich Asplund

Crude Prices Slip on Dollar Strength and Trump's Pledge to Boost US Oil Output

Oil Donald Trump United States OPEC China

March WTI crude oil (CLH25) Thursday closed down -0.42 (-0.59%), and March RBOB gasoline (RBH25) closed up +0.0240 (+1.17%).

Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 5-week low.  Crude gave up an early advance Thursday and turned lower as the dollar rallied and President Trump pledged to boost US oil production.   Crude on Thursday initially moved higher after the US ramped up sanctions on Iranian crude exports that could tighten global oil supplies.

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