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Barchart
Barchart
Rich Asplund

Crude Slightly Higher on the Outlook for Global Oil Supplies to Remain Tight

March WTI crude oil (CLH25) today is up +0.05 (+0.07%), and March RBOB gasoline (RBH25) is up +0.0088 (+0.43%).

Crude and gasoline prices today are slightly higher as they consolidate above Monday's 2-week lows.  The outlook for global crude supplies to remain tight is supporting prices.  However, gains are limited due to dollar strength and tariff threats from President Trump that could start a trade war that reduces global growth and energy demand.  

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