Crude Prices Tumble as the Dollar Strengthens and Iran Tensions Ease

Written on 02/05/2026
Rich Asplund

March WTI crude oil (CLH26 ) today is down -2.22 (-3.41%), and March RBOB gasoline (RBH26 ) is down -0.0469 (-2.39%). Crude oil and gasoline prices are sharply lower today after the dollar index (DXY00 ) rallied to a1.5-week high. Also, US-Iran tensions eased, weighing on crude prices, after Iran...Two oil barrels on ground by Phototreat via iStock
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