Crude Rallies on US-China Trade Talk Optimism

On Friday, the June WTI crude oil (CLM25) saw a positive close, rising by +1.11 (+1.85%), while June RBOB gasoline (RBM25) also closed higher, up by +0.0230 (+1.10%). Both crude oil and gasoline prices surged to their highest levels in 1-1/2 weeks and ended the day with moderate gains. The weaker dollar on Friday had a positive impact on energy prices.