Oil pulled back from a two-week high in New York after President Donald Trump said he’s halting stimulus talks until after the election, sapping optimism for a much-needed boost in demand.
U.S. crude and gasoline futures both rose more than 3% Tuesday before giving back some of those gains after the market closed. Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package until after the election, which also caused stocks to tumble and bonds to soar.
