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Crude Prices Finish Sharply Higher on US Trade Deal Hopes and Iranian Oil Export Risks

Commodities & Energy

Rich Asplund

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April 17, 2025

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Barchart

May WTI crude oil (CLK25 ) Thursday closed up +2.21 (+3.54%), and May RBOB gasoline (RBK25 ) closed up +0.0554 (+2.71%). Crude oil and gasoline prices rallied sharply on Thursdays to 1-1/2 week highs. Optimism that the US will be able to make trade deals has reduced tariff concerns and...

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