welcome
Barchart

Barchart

Business

Business & Economics

Crude Oil Settles Higher on US-China Trade Optimism

Barchart
Summary
Nutrition label

82% Informative

August WTI crude oil (CLQ25) Friday closed up +0.28 (+0.43%), and August RBOB gasoline ( RBQ 25 ) closed down -1.04 ( -0.50% ) Crude oil and gasoline prices settled mixed on Friday .

Crude found support on signs of easing trade tensions as the US moves closer to trade deals with China and other trading partners.

Oil prices continue to be undercut by tariff concerns, as President Trump recently stated that he intends to send letters to dozens of US trading partners within one to two weeks .