WTI Crude Oil Falls to Lowest Since Middle East Conflict Began, Down 3.22% on June 13

According to Guru Club, on June 13, WTI July crude oil futures fell 2.83 dollars, down 3.22% to 84.88 per barrel, marking the lowest level since the onset of Middle East tensions. The decline was driven by cooling geopolitical tensions and progress toward a U.S.-Iran agreement. For the week, crude oil prices fell 6.25% cumulatively.

Brent crude oil August futures declined 3.05 dollars, down 3.37% to 87.33 per barrel, with weekly losses of 6.19%. Abu Dhabi Murban crude futures fell 3.74% to 83.99 per barrel, down 7.38% for the week. NYMEX July natural gas futures closed at 3.12 dollars per million British thermal units, with weekly losses exceeding 3.37%.