Top crude oil benchmarks retreated on June 13 on Hyperliquid as investors awaited a potential U.S.-Iran deal, which could be signed as early as Sunday.
Crude Oil Price Sinks Amid Hopes of a US-Iran Deal Brent, the global benchmark, dropped to $84, its lowest level since April 17, with its open interest rising to $243 million and its volume crossing the $100 million mark.
The West Texas Intermediate (WTI) dropped for three consecutive days, reaching a low of $81, down sharply from the year-to-date high of $119.
As a result, AAA data shows that the average gasoline price has dropped to $4.06 from $4.51 on the same day last month.
Crude oil prices have pulled back as investors react to the potential deal between the US and Iran, which may be signed in Zurich on Sunday.
