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Market Impact: 0.35

Crude Oil Prices Finish Sharply Lower on US-Iran Peace Hopes

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

July WTI crude fell $3.10 (-3.40%) and July RBOB gasoline dropped 0.0495 (-1.61%) on Tuesday, with crude hitting a 7-week low and gasoline an 8-week low. The move points to weaker near-term sentiment in energy markets and continued downside pressure in refined products and crude futures.

Analysis

July WTI crude fell $3.10 (-3.40%) and July RBOB gasoline dropped 0.0495 (-1.61%) on Tuesday, with crude hitting a 7-week low and gasoline an 8-week low. The move points to weaker near-term sentiment in energy markets and continued downside pressure in refined products and crude futures.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35