Crude and RBOB Futures Fall More Than 6% as Diplomacy Hopes Rise
Crude and RBOB futures were down more than 6% Monday, while ULSD futures traded about 4% lower, as markets reacted to renewed hopes for diplomacy in the U.S.-Iran conflict.
Crude-oil and refined product futures prices were falling sharply as markets reacted to renewed hopes that diplomacy will help end the fighting between the U.S. and Iran.Crude and RBOB futures were down by more than 6% Monday while ULSD futures were trading about 4% lower.Prices are falling after o…