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Market Impact: 0.35
Crude Oil Prices Sharply Lower as Middle East Hostilities Subside
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsMarket Technicals & Flows
WTI crude for October (CLV26) closed down 2.65 (-3.12%) and October RBOB gasoline (RBV26) fell 0.0391 (-1.32%) for a second straight session, settling at 1-week lows. The sharp decline suggests renewed downside pressure on energy prices, with crude and gasoline both trading lower as the market digested a negative catalyst referenced in the report.
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Overall Sentiment
mildly negative
Sentiment Score
-0.30
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