Crude Oil Prices Fall on Hopes Peace Negotiations With Iran Will Materialize

June WTI crude oil (CLM26 ) on Friday closed down -1.45 (-1.51%), and June RBOB gasoline (RBM26 ) closed down -0.0065 (-0.19%). Crude oil and gasoline prices gave up early gains on Friday and settled sharply lower after Pakistan said a second round of US-Iran peace talks is expected. Losses...Satellite view of the Middle East and the Strait of Hormuz with Iran highlighted_ Image by FoxPictures via Shutterstock_