July WTI crude oil is down $1.86, or 2.00%, while July RBOB gasoline is up 2.02 cents, or 0.66%. Crude is under pressure amid hopes for a US-Iran peace settlement that could reopen the Strait of Hormuz, reducing the geopolitical risk premium in oil. The move is negative for crude prices but partially offset by firmer gasoline.
July WTI crude oil is down $1.86, or 2.00%, while July RBOB gasoline is up 2.02 cents, or 0.66%. Crude is under pressure amid hopes for a US-Iran peace settlement that could reopen the Strait of Hormuz, reducing the geopolitical risk premium in oil. The move is negative for crude prices but partially offset by firmer gasoline.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.35
