Crude Oil Prices Tumble as End of US-Iran War Set to Boost Oil Supplies

July WTI crude oil fell $3.76 (-4.66%) to a 3.25-month low, while July RBOB gasoline dropped 6.53 cents (-2.22%) to a 2.25-month low. The article says crude and gasoline extended Monday’s sell-off, pointing to broad weakness in energy futures and negative near-term price momentum.

Analysis

July WTI crude oil fell $3.76 (-4.66%) to a 3.25-month low, while July RBOB gasoline dropped 6.53 cents (-2.22%) to a 2.25-month low. The article says crude and gasoline extended Monday’s sell-off, pointing to broad weakness in energy futures and negative near-term price momentum.