Crude Oil Prices Fall on Diplomacy Hopes to End Iran War

Written on 10/20/2026
Rich Asplund

December WTI crude oil (CLZ26 ) closed down -0.72 (-0.73%) on Tuesday, and December RBOB gasoline (RBZ26 ) closed down -0.606 (-1.95%). Crude oil and gasoline prices erased an early rally on Tuesday and settled sharply lower, with gasoline falling to a 7-week low. Long liquidation pressures emerged on Tuesday...Oil tanker in open sea by StockStudio via Shutterstock
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