May WTI crude closed down $1.50 (-1.46%) and May RBOB gasoline closed down $0.0559 (-1.71%). Crude and gasoline gave up early gains and settled sharply lower as hopes rose that the war in Iran is nearing an end, reducing the geopolitical risk premium. The modest declines could pressure energy sector performance near term; monitor Iran developments and inventory/data releases for direction.
May WTI crude closed down $1.50 (-1.46%) and May RBOB gasoline closed down $0.0559 (-1.71%). Crude and gasoline gave up early gains and settled sharply lower as hopes rose that the war in Iran is nearing an end, reducing the geopolitical risk premium. The modest declines could pressure energy sector performance near term; monitor Iran developments and inventory/data releases for direction.
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mildly negative
Sentiment Score
-0.15
