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Rich Asplund

Crude Prices Tumble on Signs of Easing US-Iran Hostilities

Oil United States Iran OPEC Strait of Hormuz IEA Middle East

October WTI crude oil (CLV26) is down -2.55 (-3.00%) today, and October RBOB gasoline (RBV26) is down -0.0183 (-0.62%).

Crude oil and gasoline prices added to Monday’s sharp losses, falling to 1-week lows today after a news report said the US would be returning diplomats to Middle East embassies, easing concerns about an escalation of the Iran war.

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