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Crude Oil Prices Fall on US-Iran Peace Deal

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesCurrency & FXMarket Technicals & Flows

July WTI crude fell 0.25% to a 3.5-month low, while July RBOB gasoline rose 2.93% on Thursday, leaving energy markets mixed. The rally in the dollar index to a 13-month high likely pressured crude, but supported gasoline's relative move. The report points to modest bearish pressure for crude rather than a broad market shock.

Analysis

July WTI crude fell 0.25% to a 3.5-month low, while July RBOB gasoline rose 2.93% on Thursday, leaving energy markets mixed. The rally in the dollar index to a 13-month high likely pressured crude, but supported gasoline's relative move. The report points to modest bearish pressure for crude rather than a broad market shock.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15