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Rich Asplund

Risk-Off Sentiment in Asset Markets Weighs on Crude Prices

Oil United States Donald Trump OPEC China Hamas Iran Vortexa

May WTI crude oil (CLK25) today is down -1.67 (-2.58%), and May RBOB gasoline (RBK25) is down -0.0408 (-1.94%).

Crude oil and gasoline prices today are moderately lower. Today's stock sell-off has sparked risk-off sentiment in asset markets and is weighing on energy prices. Also, the ongoing US-China trade war threatens to slow economic growth and energy demand. Losses in crude are limited due to today's plunge in the dollar (DXY00) to a 3-year low.

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