Energy · 40 views
Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil
August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran.
Summary
August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between the United States and Iran. The contract traded between a high of $81.00 and a low of $72.83 before settling at $75.22, down $7.22, or 8.73%, from the previous week's close.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Energy
Continue reading recent Energy coverage
- Hyundai’s $359 IONIQ 5 lease looks good, but its bigger sibling may be a better buyContinue reading
- NASA's Freeze-Resistant Moon Battery Could Eventually Reach EVsContinue reading
- Podcast: Tesla earnings discussion, new BYD Seagull, Mustang Mach-E update, and moreContinue reading
- New EV Battery Gives Gasmobiles The Deep FreezeContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow