Crude Prices Plunge on US Economic Concerns

Written on 08/01/2025
Rich Asplund

September WTI crude oil (CLU25 ) on Friday closed down -1.93 (-2.79%), and September RBOB gasoline (RBU25 ) closed down -0.0553 (-2.54%). Crude oil and gasoline prices sold off sharply on Friday, driven by concerns about global energy demand due to President Trump's tariff policies and weaker-than-expected US economic reports...Worker checking a jackpump at sunrise by zhengzaishuru via iStock
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