Crude Oil Prices Pressured by Iran Peace Hopes

Written on 05/07/2026
Rich Asplund

June WTI crude oil (CLM26 ) today is down -3.36 (-3.53%), and June RBOB gasoline (RBM26 ) is down -0.0862 (-2.49%). Crude oil and gasoline prices are sharply lower for a second day today on optimism that a US-Iran peace deal is imminent. The markets await further updates after the...Oil tanker in open sea by StockStudio via Shutterstock
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