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Crude Oil Prices Fall on Hopes Peace Negotiations With Iran Will Materialize

Energy Markets & PricesCommodity FuturesGeopolitics & WarFutures & Options

June WTI crude fell $1.45, or 1.51%, to close lower, while June RBOB gasoline slipped 0.19%. Prices reversed early gains after reports that a second round of US-Iran peace talks is expected, easing geopolitical risk premiums and pressuring energy futures.

Analysis

June WTI crude fell $1.45, or 1.51%, to close lower, while June RBOB gasoline slipped 0.19%. Prices reversed early gains after reports that a second round of US-Iran peace talks is expected, easing geopolitical risk premiums and pressuring energy futures.

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