Iran Peace Hopes and Weak China Oil Demand Hammers Crude Prices
July WTI crude oil (CLN26 ) on Friday closed down -2.50 (-2.69%), and July RBOB gasoline (RBN26 ) closed up +0.0076 (+0.25%). Crude oil prices settled sharply lower on Friday amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, Friday's rally...Petr

