July WTI crude is down $3.25 (-3.38%) and July RBOB gasoline is down 11.17 cents (-3.57%) as energy prices sell off sharply. The move reflects easing geopolitical risk on hopes that the announced ceasefire between Israel and Lebanon could pave the way for a US-Iran peace plan and reopening of supply. The decline is likely to pressure the broader energy complex and sentiment across crude-linked assets.
July WTI crude is down $3.25 (-3.38%) and July RBOB gasoline is down 11.17 cents (-3.57%) as energy prices sell off sharply. The move reflects easing geopolitical risk on hopes that the announced ceasefire between Israel and Lebanon could pave the way for a US-Iran peace plan and reopening of supply. The decline is likely to pressure the broader energy complex and sentiment across crude-linked assets.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
