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US-China Trade Tensions and Fears of a Big OPEC+ Production Hike Weigh on Crude

Commodities & Energy

Rich Asplund

·

May 30, 2025

·

Barchart

July WTI crude oil (CLN25 ) Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25 ) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,...

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