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Barchart
Rich Asplund

YOU WONT BELIEVE: Crude prices fall on iran peace hopes and weak china oil demand | Mind Blowing Facts

Oil Iran China United States OPEC Strait of Hormuz

July WTI crude oil (CLN26) today is down -1.86 (-2.00%), and July RBOB gasoline (RBN26) is up +0.0202 (+0.66%).

Crude oil prices are under pressure today, amid hopes of a US-Iran peace settlement that would allow the reopening of the Strait of Hormuz. Also, today's rally in the dollar index ($DXY) to a 1.75-month high is weighing on crude prices.

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