Crude Oil Prices Slip on Diplomatic Hopes to End Iran War

Written on 05/19/2026
Rich Asplund

June WTI crude oil (CLM26 ) on Tuesday closed down -0.89 (-0.82%), and June RBOB gasoline (RBM26 ) closed down -0.0645 (-1.72%). Crude oil and gasoline prices retreated on Tuesday after the dollar index ($DXY ) jumped to a 6-week high. Crude prices also moved lower after President Trump late...Oil tanker in open sea by StockStudio via Shutterstock
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