Crude Prices Retreat on Dollar Strength and US Tariff Policies

Written on 07/31/2025
Rich Asplund

September WTI crude oil (CLU25 ) on Thursday closed down -0.74 (-1.06%), and September RBOB gasoline (RBU25 ) closed down -0.0282 (-1.28%). Crude oil and gasoline prices retreated on Thursday. Dollar strength undercut crude prices after the dollar index (DXY00 ) rallied to a 2-month high on Thursday. Also, concerns...Worker checking a jackpump at sunrise by zhengzaishuru via iStock
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