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Market Impact: 0.62

Crude Oil Prices Rally on Doubts Over US-Iran Ceasefire

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarMarket Technicals & FlowsCommodity Futures

June WTI crude oil is up $3.95 (+4.03%) and June RBOB gasoline is up 0.1110 (+3.08%) as prices spike on renewed geopolitical risk after President Trump cast doubt over the Iran ceasefire. The move points to a higher risk premium in energy markets and reflects concern that hostilities could escalate further.

Analysis

June WTI crude oil is up $3.95 (+4.03%) and June RBOB gasoline is up 0.1110 (+3.08%) as prices spike on renewed geopolitical risk after President Trump cast doubt over the Iran ceasefire. The move points to a higher risk premium in energy markets and reflects concern that hostilities could escalate further.

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