Rich Asplund on 05/20/2026

Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen

July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in

R Rich Asplund
Rich Asplund on 05/20/2026

Nat-Gas Prices Retreat on Expectations for US Storage Levels to Build

June Nymex natural gas (NGM26 ) on Wednesday closed down -0.110 (-3.53%). Nat-gas prices on Wednesday fell from an 8-week nearest-future high and settled sharply lower. Abundant US nat-gas supplies, along with expectations that storage levels will continue to build, pressured prices on Wednesday.

R Rich Asplund
Rich Asplund on 05/20/2026

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...Satel

R Rich Asplund
Rich Asplund on 05/19/2026

Crude Oil Prices Slip on Diplomatic Hopes to End Iran War

June WTI crude oil (CLM26 ) on Tuesday closed down -0.89 (-0.82%), and June RBOB gasoline (RBM26 ) closed down -0.0645 (-1.72%). Crude oil and gasoline prices retreated on Tuesday after the dollar index ($DXY ) jumped to a 6-week high. Crude prices also moved lower after President Trump late...Oil

R Rich Asplund
Rich Asplund on 05/19/2026

Seasonal Maintenance Curbs US Nat-Gas Production and Boosts Prices

June Nymex natural gas (NGM26 ) on Tuesday closed up +0.090 (+2.98%). Nat-gas prices on Tuesday added to Monday's gains, posting an 8-week nearest-future high. Annual spring maintenance has curbed US nat-gas production and boosted prices. However, gains were limited as the annual maintenance has

R Rich Asplund
Andrew Hecht on 05/19/2026

What is Backwardation in the Crude Oil Futures Market Telling Us?

Crude oil remains in focus after events in the Middle East caused its price to double. Crude oil prices have declined from their recent high, but the jury is still out on whether they are heading for a new record high or will return to the 2025 levels at around $60 per barrel.Stacked oil barrels by

A Andrew Hecht
Rich Asplund on 05/19/2026

Crude Oil Prices Pressured on Hopes Diplomacy Can End US-Iran War

June WTI crude oil (CLM26 ) today is down -0.45 (-0.41%), and June RBOB gasoline (RBM26 ) is down -0.0885 (-2.35%). Crude oil and gasoline prices are under pressure today from a stronger dollar, as the dollar index ($DXY ) jumped to a 6-week high. Crude prices are also moving...Satellite view of t

R Rich Asplund
Wajeeh Khan on 05/19/2026

FuelCell Energy Leads Hydrogen Stocks Lower. Here's Why

FuelCell stock tanks as technical overbought conditions and macro headwinds trigger profit-taking across the broader hydrogen fuel sector. Find out more!Green hydrogen by Scharfsinn via Shutterstock

W Wajeeh Khan
Darin Newsom on 05/19/2026

Were You Ready for Today's TACO Tuesday?

History has taught us we should have been expecting the US president to back down his latest threat against Iran. Was Watson got off guard overnight through early Tuesday morning?Chicken outside multicolored by Christel via Pixabay

D Darin Newsom