Crude oil prices have slumped on Friday, extending the losses from yesterday’s session as confidence on reopening of the Strait of Hormuz in the coming days persists following announcements of an Israel-Lebanon ceasefire and progress in U.S.-Iran talks.
WTI Crude Oil for July month delivery was last seen trading down by $2.97 (or 2.97%) at $90.07 per barrel.
The U.S.-Israel versus Iran war entered day number 98 today.
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Market Analysis
Crude Oil Tumbles As Optimism On An End To Gulf War Sustains
2026-06-05 18:40:06
