Crude Oil Prices Fall Sharply as Global Supply Risks Ease

Written on 06/26/2026
Rich Asplund

August WTI crude oil (CLQ26 ) on Friday closed down -2.69 (-3.74%), and August RBOB gasoline (RBQ26 ) closed down -0.0765 (-2.64%). Crude oil and gasoline prices settled sharply lower on Friday, with crude posting a fresh 4-month low. An acceleration of oil tankers out of the Persian Gulf is...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock
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