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Market Impact: 0.42

Crude Prices Tumble on Hopes Negotiations to End Iran War Will Resume

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarMarket Technicals & Flows

June WTI crude oil fell $3.37 (-3.21%) and June RBOB gasoline declined 4.48 cents (-1.24%) after giving up early gains. Prices retreated from recent highs as markets priced in hopes of negotiations to end the US-Iran war, easing geopolitical risk premiums in energy.

Analysis

June WTI crude oil fell $3.37 (-3.21%) and June RBOB gasoline declined 4.48 cents (-1.24%) after giving up early gains. Prices retreated from recent highs as markets priced in hopes of negotiations to end the US-Iran war, easing geopolitical risk premiums in energy.

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Market Sentiment

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mildly negative

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