Oil Prices Still Under Pressure from Trade Issues

May 19, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Even with a modest recovery, crude oil prices remain at levels not seen since the pandemic amid global warnings that U.S. trade policies are undermining growth.West Texas Intermediate (WTI), the U.S. benchmark for the price of oil, traded at around $61 per barrel in early Friday trading. Prices had recovered somewhat during the week as China and the United States walk back from the brink of a trade war, bu