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Market Impact: 0.6

Crude Oil Prices Sink as President Trump Backs Off Iran Threats

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningDerivatives & Volatility

WTI crude (April) fell $11.30 (-11.50%) and RBOB gasoline (April) dropped $0.3374 (-10.49%), reversing overnight gains and hitting a 1.5-week low for crude and a 1-week low for gasoline. The sharp, broad selloff signals heightened volatility and a clear risk-off move across energy futures, likely affecting energy sector positioning and short-term trading flows.

Analysis

WTI crude (April) fell $11.30 (-11.50%) and RBOB gasoline (April) dropped $0.3374 (-10.49%), reversing overnight gains and hitting a 1.5-week low for crude and a 1-week low for gasoline. The sharp, broad selloff signals heightened volatility and a clear risk-off move across energy futures, likely affecting energy sector positioning and short-term trading flows.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.70