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Oil prices were roughly flat on June 30 but were headed for their biggest monthly and quarterly losses since early 2020. Brent settled at $72.92 and WTI at $69.50, both close to pre-war levels, as stranded tankers returned to the market.
Prices near pre-war levels show the Iran war premium has largely unwound, which lowers energy costs for feed production and transport. Morgan Stanley's projected 2027 surplus points to a lasting softening in crude.
investing.comJun 30, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
