November WTI crude oil (CLX25) today is down -1.08 (-1.82%), and November RBOB gasoline (RBX25) is down -0.0242 (-1.31%).
Crude oil and gasoline prices are sliding today, with crude falling to a 5.25-month low. The escalation of the US-China trade conflict has sparked a risk-off in asset markets and is weighing on crude prices after China sanctioned five US units of South Korean shipbuilder Hanwha Ocean Co., in the latest in a series of tit-for-tat moves as both countries have slapped special port fees on each other's vessels. Crude prices remained lower after the IEA forecast a record global oil glut of 4.0 million bpd for 2026.
