Crude Oil Prices Sink on Hopes for US-Iran Diplomacy

September WTI crude oil (CLU26 ) on Monday closed down -6.70 (-7.50%), and September RBOB gasoline (RBU26 ) closed down -0.0820 (-2.52%). Crude oil and gasoline prices sank on Monday, with gasoline falling to a 1-week low. The easing of tensions in the Middle East weighed on energy prices Monday...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_