# Arab News | Oil Updates — crude extends losses on lower Middle East supply risk

> Oil prices extended losses to a two-week low as the market judged Middle East supply disruption risk to be lower after the Israel-Iran ceasefire. Brent fell 4.92% to $67.96 and WTI fell 4.99% to $65.09, although Trump accused both sides of violating the truce.

- Date: 2025-06-24 · published 2025-06-24T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/10002-arab-news-oil-updates-crude-extends-losses-on-lower-middle-east-supply-risk
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower perceived risk to Strait of Hormuz flows reduces the energy risk premium in crude, which weakens biofuel and diesel cost support for oilseed and grain prices. Ceasefire fragility could still bring renewed volatility.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-06-26 | 5 | -14.7% | -3.6 | Brent fell 4.9% to $67.96 on lower supply-risk after the ceasefire, extending the losses. |
| BRENT | 2025-06-25 | 5 | -13.5% | -3.7 | Brent fell about 5% to a two-week low on June 24 as supply disruption risk receded after the ceasefire. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -2.3% | +8.7% |
| WTI | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -12.2% | -9.7% |
| WTI | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +2.0% | -0.5% |
| WTI | 2020-09-25 | [Oil rally stalls on risk of new supply - Moneyweb](https://feedsoft.ai/events/51281-oil-rally-stalls-on-risk-of-new-supply-moneyweb.md) | -4.0% | +0.9% |
| WTI | 2026-02-02 | [Oil Closes Sharply Lower as Iran Risk Fades \| Rigzone](https://feedsoft.ai/events/8798-oil-closes-sharply-lower-as-iran-risk-fades-rigzone.md) | -1.6% | +9.9% |
| BRENT | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | +2.6% | +8.8% |
| BRENT | 2025-06-23 | [Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk \| Reuters](https://feedsoft.ai/events/8643-oil-prices-drop-6-as-israel-iran-ceasefire-reduces-middle-east-supply-risk.md) | -11.9% | -9.9% |
| BRENT | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +1.6% | +0.4% |

## Sources

- arabnews.com: https://www.arabnews.com/energy/oil-updates-crude-extends-losses-on-lower-middle-east-supply-risk-2605609

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.