# NYMEX Overview : Petroleum Futures Continue to Sell Off Ahead of Midday -- OPIS

> NYMEX petroleum futures sold off on June 24 as markets reacted to an Israel-Iran ceasefire announced the prior evening. WTI and Brent fell about $3 per barrel and gasoline and ULSD contracts also declined.

- Date: 2025-06-24 · published 2025-06-24T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/8640-nymex-overview-petroleum-futures-continue-to-sell-off-ahead-of-midday-opis
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel values reduce energy input costs and may ease freight and fertilizer costs, a mildly bearish signal for feed-ingredient prices tied to energy.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2025-06-26 | 5 | -12.7% | -2.9 | NYMEX WTI and Brent fell about $3/bbl on June 24 after the ceasefire announcement, directly driving the decline in the window. |
| BRENT | 2025-06-26 | 5 | -14.7% | -3.6 | Brent and WTI fell about $3/bbl on June 24 on the ceasefire, adding to the weekly decline. |
| BRENT | 2025-06-25 | 5 | -13.5% | -3.7 | NYMEX WTI and Brent fell about $3 on June 24 on the ceasefire, continuing the sell-off. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -1.6% | +9.9% |
| WTI | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +9.2% | +13.1% |
| WTI | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -1.0% | +5.9% |
| WTI | 2026-07-28 | [Corn Futures Slide as Oil Selloff Triggers Profit-Taking](https://feedsoft.ai/events/9377-corn-futures-slide-as-oil-selloff-triggers-profit-taking.md) | -2.7% | +2.6% |
| WTI | 2022-03-10 | [The Commodities Feed: Sell-off across the complex \| ING THINK](https://feedsoft.ai/events/4722-the-commodities-feed-sell-off-across-the-complex-ing-think.md) | -12.7% | -11.4% |
| BRENT | 2026-02-02 | [NYMEX Overview: Futures Move Lower as Geopolitical Tensions Cool -- OPIS](https://feedsoft.ai/events/5921-nymex-overview-futures-move-lower-as-geopolitical-tensions-cool-opis.md) | -3.1% | +0.6% |
| BRENT | 2026-08-28 | [Nymex Overview: Oil Prices Easing, on Track to End Week Lower -- OPIS - MarketWatch](https://feedsoft.ai/events/18054-nymex-overview-oil-prices-easing-on-track-to-end-week-lower-opis-marketwatch.md) | +8.9% | +26.2% |
| BRENT | 2022-04-03 | [Oil prices fall after truce in Middle East conflict, petroleum reserve news \| Reuters](https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news.md) | -3.1% | +2.6% |

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/index/S-P-GSCI-BRENT-CRUDE-INDE-46869164/news/NYMEX-Overview-Petroleum-Futures-Continue-to-Sell-Off-Ahead-of-Midday-OPIS-50322960/

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