Crude Oil Prices Whipsaw Sharply Lower on Iran Peace Hopes

Written on 06/11/2026
Rich Asplund

July WTI crude oil (CLN26 ) on Thursday closed down -2.32 (-2.58%), and July RBOB gasoline (RBN26 ) closed down -0.0085 (-0.27%). Crude oil and gasoline prices gave up an early advance and settled sharply lower on Thursday after President Trump said he canceled planned military strikes on Iran, signaling...A sunset over a fuel tanker by Sebastian via Pixabay
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