Crude Oil Prices Plunge on Opening of the Strait of Hormuz

Written on 04/17/2026
Rich Asplund

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said...An oil tanker out at sea by Gerhard Traschutz via Pixabay
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