Crude Oil Falls 5.2% to $76.02 as U.S.-Iran Ceasefire Boosts Supply Expectations

CRU-0.22%
XAUUSD-0.08%
XAGUSD0.31%

According to WEEX TradFi data, crude oil prices fell sharply today (June 17) following the announcement of a U.S.-Iran ceasefire agreement. CRUDEOIL dropped 5.2% to $76.02, while USOON declined 3.8% to $115.15, driven by market expectations of restored Hormuz Strait transit and increased Iranian crude supply.

Gold (XAU) and silver (XAG) gained 1.6% and 1.2% respectively, trading at $4,327.52 and $70.32. The moves reflect capital rotation from energy assets into safe-haven and risk assets amid easing geopolitical tensions.

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