Crude Oil Prices Tumble on Hopes for Iran Peace Progress

Written on 05/21/2026
Rich Asplund

July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Crude prices tumbled on hopes that...Oil production with Iran flag by EVER STOCK via Shutterstock
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