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Rich Asplund

Crude Prices Weaken on Progress in US-Iran Nuclear Talks

Oil United States Iran OPEC Ukraine EIA Russia Vortexa

March WTI crude oil (CLH26) on Tuesday closed down -0.56 (-0.89%), and March RBOB gasoline (RBH26) closed up +0.0034 (+0.18%).

Crude oil and gasoline prices settled mixed on Tuesday, with crude falling to a 2-week low. Tuesday's rally in the dollar index ($DXY) to a 1-week high is bearish for energy prices. Crude Prices also came under pressure on Tuesday after Iran said it has reached a "general agreement" with the US on a nuclear deal.

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