July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled sharply lower on Friday amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, Friday's rally...Petroleum oil and gas process offshore field by Saknarong Butsabong via Shutterstock
Read full articleIran Peace Hopes and Weak China Oil Demand Hammers Crude Prices
Written on 06/05/2026
Rich Asplund

