July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in...Strait of Hormuz by artemegorovv via Shutterstock
Read full articleCrude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen
Written on 05/20/2026