The mood at Houston’s big annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump administration. But there’s a significant catch: some of the biggest oil traders are getting more bearish on the outlook for crude prices.

Oil futures rose Wednesday, finding support from a weaker U.S. dollar as investors navigate intensifying trade tensions and worries about global economic growth.

Crude oil prices dipped despite a significant U.S. gasoline inventory draw indicating strong demand, as concerns about global economic impact and increased OPEC production weighed on the market.