May Crude Oil Futures Trend Today

Crude oil futures for May 2026 (CLK26) trade at 89.66, up 1.53 or 1.74% as of March 23 close. Prices rally amid tensions, with WTI hitting a 2-week high after President Trump demands Iran reopen the Strait of Hormuz or face US strikes on power plants. Iran threatens to mine the Persian Gulf if attacked. Front-month contracts show strength, with CLK26 at 91.79 up 4.15% and related gasoline futures soaring to 3.5-year highs. Markets watch for escalation impacts on supply. Read more about this...