Crude Oil Prices Tumble as Middle East Ceasefire Holds

Written on 05/05/2026
Rich Asplund

June WTI crude oil (CLM26 ) today is down -4.54 (-4.27%), and June RBOB gasoline (RBM26 ) is down -0.1140 (-3.05%). Crude oil and gasoline prices are sharply lower today as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices are retreating as relative...Two oil barrels on ground by Phototreat via iStock
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