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Market Impact: 0.55

Crude Oil Prices Rally on Stalled US-Iran Peace Talks

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarCommodity Futures

June WTI crude rose $2.68 to $97.00/bbl, or 2.84%, while June RBOB gasoline gained 6.02 cents to $3.39/gal, up 1.81%, with gasoline hitting a 3.75-year high. Prices are being lifted by stalled U.S.-Iran peace talks, tightening energy supply expectations and supporting the broader complex.

Analysis

June WTI crude rose $2.68 to $97.00/bbl, or 2.84%, while June RBOB gasoline gained 6.02 cents to $3.39/gal, up 1.81%, with gasoline hitting a 3.75-year high. Prices are being lifted by stalled U.S.-Iran peace talks, tightening energy supply expectations and supporting the broader complex.

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