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Market Impact: 0.34

Crude Oil Prices Edge Higher on Shaky Middle East Ceasefire

Energy Markets & PricesCommodity FuturesGeopolitics & War

July WTI crude rose $0.76, or 0.84%, and July RBOB gasoline gained $0.0247, or 0.81%, as oil prices settled higher on Monday. The move was driven by renewed hostilities between Iran and Israel, which raised concerns about a truce and added geopolitical risk to energy markets.

Analysis

July WTI crude rose $0.76, or 0.84%, and July RBOB gasoline gained $0.0247, or 0.81%, as oil prices settled higher on Monday. The move was driven by renewed hostilities between Iran and Israel, which raised concerns about a truce and added geopolitical risk to energy markets.

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