Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Crude Oil Prices Fall on US-Iran Peace Deal

Oil United States Iran Donald Trump OPEC Goldman Sachs IEA

July WTI crude oil (CLN26) on Thursday closed down -0.19 (-0.25%), and July RBOB gasoline (RBN26) closed up +0.0853 (+2.93%).

Crude oil and gasoline prices settled mixed on Thursday, with crude falling to a 3.5-month low. Thursday's rally in the dollar index ($DXY) to a 13-month high is bearish for crude oil prices. Also, Wednesday night's action by President Trump to sign a preliminary deal to end the US-Iran war has reopened the Strait of Hormuz and allowed the restart of millions of barrels of oil exports, boosting global oil supplies. Pre-weekend short covering lifted prices off of their worst levels on Thursday, with US markets closed on Friday for the Juneteenth holiday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Jimmy Kimmel on Trump’s Nobel prize ‘snub’: ‘Thanks a lot, Norway. You made our baby cry’
The host discussed being called a ‘loser’ by Trump and the appointment of the new White House press secretary
The Guardian - US
The Guardian - US
5 Coffee Creamers That Add More Sugar Than You May Realize
Coffee creamer can make a morning cup taste like a coffeehouse treat, but a little splash can add more sugar than you might expect. Many popular flavored creamers contain around 5 grams of sugar per tablespoon, even when their sweetness doesn’t seem especially strong. The serving size is also smaller…
Grocery Coupon Guide
Grocery Coupon Guide
Restaurant Kids’ Meals vs. Fast Food: Which Is Actually Cheaper?
A kids’ meal is usually marketed as a smaller, cheaper option for children, but the best value depends on what comes in the box. Some meals include a full entrée, a side, a drink, and dessert for less than an adult combo. Others offer noticeably smaller portions, making the savings…
Grocery Coupon Guide
Grocery Coupon Guide
Soulja Boy Teases 2028 Presidential Run as Rapper Reveals His 'New Chapter' and Political Priorities
Soulja Boy 2028 speculation grows after the rapper asks for votes, outlines four political priorities and leaves his presidential campaign intentions uncertain.
International Business Times UK
International Business Times UK
Mark Zuckerberg Almost Gets Sick After Sipping Guinness as Online Critics Joke About His 'First Beer'
A clip of Mark Zuckerberg appearing hesitant after sipping Guinness on a podcast has prompted jokes on Reddit, while his reaction remains open to interpretation.
International Business Times UK
International Business Times UK
50 Cent Shades Kanye West and Jokes Rapper Can Do His Wedding 'If He Is Not Banned at the Time'
During a Today appearance, 50 Cent imagined Kanye West and Jay-Z performing at his wedding, while stressing that the event and any bookings remain hypothetical.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play