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Rich Asplund

Crude Prices Tumble as Weekly EIA Oil and Gasoline Inventories Jump

Oil EIA United States China OPEC

March WTI crude oil (CLH25) today is down -1.49 (-2.05%), and March RBOB gasoline (RBH25) is down -0.0519 (-2.47%).

Crude oil and gasoline prices are sliding today on concern that the impact of the US-China trade war will derail global growth and energy demand. Losses in oil prices accelerated after weekly EIA crude and gasoline inventories rose more than expected. Today's slide in the dollar index to a 1-week low limited the downside in crude prices.

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