Crude Oil Prices Drop as Global Supplies Normalize

Global crude and gasoline prices fell sharply on Tuesday, with WTI crude hitting a 3.5-month low amid optimism over the normalization of global oil supplies following a peace deal between the US and Iran to reopen the Strait of Hormuz. Goldman Sachs revised its Brent crude forecast downward for Q4.

By Rich Asplund Tue, June 16, 2026 at 10:14 PM GMT+3 4 min read · Yahoo Finance · June 16, 2026, 19:14 UTC

Crude Oil Prices Drop as Global Supplies Normalize

Tickers: $GS

Topics: oil prices Strait of Hormuz reopening US-Iran peace deal

Read the full article at Yahoo Finance

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