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Market Impact: 0.42

Crude Oil Prices Plummet on US-Iran Peace Deal

Energy Markets & PricesCommodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

July WTI crude oil is down $4.35 (-5.12%) to a 2-month low, while July RBOB gasoline is down 8.08 cents (-2.65%) to a 2-month low. The selloff signals weaker near-term energy pricing and negative momentum across the crude and refined products complex.

Analysis

July WTI crude oil is down $4.35 (-5.12%) to a 2-month low, while July RBOB gasoline is down 8.08 cents (-2.65%) to a 2-month low. The selloff signals weaker near-term energy pricing and negative momentum across the crude and refined products complex.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.55