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Market Impact: 0.32

Crude Oil Prices Slump on Limited Escalation of US-Iran Conflict

Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials

WTI crude for August (CLQ26) fell -1.44 (-1.96%) on Thursday, while August RBOB gasoline (RBQ26) dropped -0.0647 (-2.00%). Prices reversed an early gain and slid sharply amid speculation that US–Iran hostilities could escalate, increasing uncertainty around near-term supply/demand expectations. Net effect is a short-term risk-off move in energy futures into the close.

Analysis

WTI crude for August (CLQ26) fell -1.44 (-1.96%) on Thursday, while August RBOB gasoline (RBQ26) dropped -0.0647 (-2.00%). Prices reversed an early gain and slid sharply amid speculation that US–Iran hostilities could escalate, increasing uncertainty around near-term supply/demand expectations. Net effect is a short-term risk-off move in energy futures into the close.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25