October WTI crude oil (CLV26) is down -4.78 (-4.77%) today, and October RBOB gasoline (RBV26) is down -0.0319 (-0.90%).
Crude oil and gasoline prices are sharply lower today, with crude dropping to a 1.5-week low. Crude prices are retreating in hopes that diplomacy will end hostilities in the Middle East and that an increase in crude flows moving through the Strait of Hormuz will ease supply concerns.
