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Market Impact: 0.22

Crude Oil Prices Supported by Closure of Hormuz

Energy Markets & PricesCommodity FuturesGeopolitics & War

June WTI crude rose $0.15, or 0.15%, while June RBOB gasoline fell $0.0130, or 0.36%, leaving energy prices mixed on the session. Crude strength was tied to lingering uncertainty over US-Iran peace talks, while gasoline weakened modestly. The move is notable for energy futures but is unlikely to have a broad market impact on its own.

Analysis

June WTI crude rose $0.15, or 0.15%, while June RBOB gasoline fell $0.0130, or 0.36%, leaving energy prices mixed on the session. Crude strength was tied to lingering uncertainty over US-Iran peace talks, while gasoline weakened modestly. The move is notable for energy futures but is unlikely to have a broad market impact on its own.

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