Crude Prices Tumble as Global Oil Supplies Normalize

Written on 07/02/2026
Rich Asplund

August WTI crude oil (CLQ26 ) today is down -0.91 (-1.33%), and August RBOB gasoline (RBQ26 ) is down -0.0758 (-2.57%). Crude oil and gasoline prices extended their three-week-long slide today, with crude falling to a new 4.25-month low. Crude prices are falling today as an increase in Middle Eastern...Oil tanker in open sea by StockStudio via Shutterstock
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