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Rich Asplund

Trade War Fears Hammer Crude Prices Again

Oil United States OPEC Donald Trump China Economic Growth Hamas Vortexa

May WTI crude oil (CLK25) today is down -2.68 (-4.30%), and May RBOB gasoline (RBK25) is down -0.0765 (-3.75%).

Crude oil and gasoline prices today are sharply lower on concern the escalation of the US-China trade war will lead to a slowdown in economic growth and energy demand. Also, today's stock selloff reduces confidence in the economic outlook and energy demand. Crude prices also have a negative carryover from last Thursday when OPEC+ said it would boost crude production in May.

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