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Barchart
Barchart
Rich Asplund

Crude Closes Lower as Israel-Iran Geopolitical Risks Ease

May WTI crude oil (CLK24) on Monday closed down -0.29 (-0.35%), and May RBOB gasoline (RBK24) closed down  -2.49 (-0.92%).

Crude and gasoline prices on Monday posted moderate losses, with gasoline falling to a 6-week low.  The main bearish factor for crude prices Monday was an easing of Israel-Iran tensions after it appeared that Iran would not respond following Israel’s retaliatory strike last Friday.

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