
May WTI crude oil (CLK24) on Monday closed down -0.29 (-0.35%), and May RBOB gasoline (RBK24) closed down -2.49 (-0.92%).
Crude and gasoline prices on Monday posted moderate losses, with gasoline falling to a 6-week low. The main bearish factor for crude prices Monday was an easing of Israel-Iran tensions after it appeared that Iran would not respond following Israel’s retaliatory strike last Friday.