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Rich Asplund

UNBELIEVABLE: Energy demand concerns undercut crude prices | History Defined

Oil Donald Trump United States IEA International Energy Agency OPEC EIA China Hamas Iran

May WTI crude oil (CLK25) Tuesday closed down -0.20 (-0.33%), and May RBOB gasoline (RBK25) closed up +0.0022 (+0.11%).

Crude oil and gasoline prices on Tuesday settled mixed.  Tuesday's stronger dollar weighed on crude prices.   Also, Tuesday's action by the International Energy Agency (IEA) to cut its global crude demand forecast is negative for prices.  In addition, concerns that US tariffs will worsen a trade war that undercuts economic growth and energy demand weighed on crude prices.

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