Crude Oil Prices Plummet as the Strait of Hormuz Reopens

Written on 04/17/2026
Rich Asplund

May WTI crude oil (CLK26 ) on Friday closed down -10.84 (-11.45%), and May RBOB gasoline (RBK26 ) closed down -0.1589 (-5.02%). Crude oil and gasoline prices plummeted on Friday, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank on Friday after...Oil tanker in open sea by StockStudio via Shutterstock
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