Crude Oil Prices Sink as Global Oil Supplies Look to Normalize

Written on 06/16/2026
Rich Asplund

July WTI crude oil (CLN26 ) on Tuesday closed down -4.70 (-5.83%), and July RBOB gasoline (RBN26 ) closed down -0.0667 (-2.26%). Crude oil and gasoline prices fell sharply for the fourth consecutive session on Tuesday, with crude posting a 3.5-month low and gasoline posting a 3.25-month low. Crude oil...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock
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