Crude oil prices fall as Iran diplomatic talks progress
after close1 source ↓written by the desknot a recommendation
- futures declining
- 1.02%
- per barrel
- $70.84
- 1.21%
- $67.75
- gold prices rose
- 0.8%
Global commodity markets diverged on 2 July, with Brent crude futures declining 1.02% to $70.84 per barrel and WTI down 1.21% to $67.75. This drop followed positive diplomatic developments between Iran and the U.S. regarding the Strait of Hormuz. Meanwhile, gold prices rose 0.8% to $4,063.56 per ounce, driven by weaker U.S. labor data, suggesting potential shifts in interest rate policy.
Not investment advice. For informational purposes only.