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Barchart
Barchart
Rich Asplund

Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran

July WTI crude oil (CLN25) today is down -0.26 (-0.35%), and July RBOB gasoline (RBN25) is up +0.0057 (+0.25%).

Crude oil and gasoline prices today are mixed, with gasoline posting a 10-1/4 month high.  Today's weaker dollar is bullish for energy prices.  Also, concern about the Israel-Iran conflict is bullish for crude after Bloomberg reported Thursday that US officials are preparing for a possible strike on Iran.  

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