Crude Oil Prices Slump on Hopes of a Deal to Reopen Strait of Hormuz

Written on 08/04/2026
Rich Asplund

September WTI crude oil (CLU26 ) today is down -3.77 (-4.72%), and September RBOB gasoline (RBU26 ) is down -0.1201 (-4.05%). Crude oil and gasoline prices are sharply lower today for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing...Oil tanker in open sea by StockStudio via Shutterstock
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