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Barchart
Barchart
Rich Asplund

Crude Oil Prices Slip on Hopes US-Iran Peace Talks to Resume

Oil United States Iran Russia Pakistan IEA OPEC Strait of Hormuz Ukraine

June WTI crude oil (CLM26) today is down -0.36 (-0.38%), and June RBOB gasoline (RBM26) is down -0.0073 (-0.22%).  Crude oil and gasoline prices gave up early gains today and turned lower after Pakistan said a second round of US-Iran peace talks is expected.

Optimism that the US and Iran are moving toward talks after days of deadlock is weighing on crude prices.  Bloomberg reported today that Iranian Foreign Minister Abbas Araghchi is expected to arrive in Pakistan on Friday night for a possible second round of peace talks between the US and Iran.

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