Crude Oil Prices Plummet as Iran Peace Optimism Climbs

Written on 11/09/2026
Rich Asplund

December WTI crude oil (CLZ26 ) closed down -3.98 (-4.38%) on Monday, and December RBOB gasoline (RBZ26 ) closed down -0.1258 (-4.53%). Crude oil and gasoline prices plummeted on Monday, with crude oil posting a 2.25-month low and gasoline posting an 8-month low. Crude prices sank Monday on optimism that...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_
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