Crude Prices Retreat on Progress in US-Iran Peace Talks

Written on 07/01/2026
Rich Asplund

August WTI crude oil (CLQ26 ) today is down -1.26 (-1.81%), and August RBOB gasoline (RBQ26 ) is up +0.0335 (+1.16%). Crude oil and gasoline prices are mixed today, with crude falling to a 4.25-month low and gasoline rising to a 1-week high. Crude prices are under pressure today amid...Oil production with Iran flag by EVER STOCK via Shutterstock
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