Crude Prices Plunge as US-China Trade Tensions Escalate

November WTI crude oil (CLX25) on Friday closed down -2.61 (-4.24%), and November RBOB gasoline (RBX25) closed down -0.0622 (-3.30%). Crude oil and gasoline prices sold off sharply on Friday, with crude falling to a 5-month nearest-futures low and gasoline sinking to a 4.5-year low.  Crude prices plunged on Friday after stocks sold off on renewed trade tensions with China when President Trump threatened a “massive increase” of tariffs on Chinese goods, citing recent “hostile” export controls on rare-earth ...