Crude Prices Gain as Closure of Strait of Hormuz Curbs Oil Supplies

Written on 04/09/2026
Rich Asplund

May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on...Oil tanker in open sea by StockStudio via Shutterstock
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