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Crude Oil WTI Sep '25 (CLU25)

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Crude Oil WTI Prices for [[ item.sessionDateDisplayLong ]]
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Crude Oil WTI Futures Market News and Commentary

Crude Oil Prices Tumble as Trump Remains Patient with Putin

August WTI crude oil (CLQ25) on Monday closed down -1.47 (-2.15%), and August RBOB gasoline (RBQ25) closed down -0.0216 (-0.99%).

Crude oil and gasoline prices today fell from 3-week highs and fell sharply on speculation that President Trump's tariff policies will slow global economic growth and energy demand.  Also, Monday's rally in the dollar index (DXY00) to a 2.5-week high is bearish for energy prices.  Losses in crude accelerated Monday after President Trump said the Senate sanctions bill that would levy 500% tariffs on China and India if they make any purchases of Russian energy was "not necessary."  Instead, Mr. Trump announced a 50-day wait period to see if Russia would agree to a ceasefire in Ukraine, which signals Russian crude exports will continue to flow.  

Crude prices on Monday initially climbed to a 3-week high on concern that President Trump later today might announce new sanctions on Russian energy exports, which could curb global oil supplies.

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