Crude Oil Prices Supported as Hormuz Closure Tightens Global Supplies

Written on 05/13/2026
Rich Asplund

June WTI crude oil (CLM26 ) today is up +0.50 (+0.49%), and June RBOB gasoline (RBM26 ) is down -0.0340 (-0.92%). Crude oil and gasoline prices are mixed today, with crude posting a 1-week high. The ongoing closure of the Strait of Hormuz is tightening global oil supplies and supporting...Offshore oil platform in ocean by Wirestock via iStock
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