From Yahoo Finance: 2025-06-20 15:34:00

Crude oil and gasoline prices closed mixed on Friday, with gasoline reaching a 10-1/4 month high. President Trump’s decision to give diplomacy a chance before attacking Iran caused crude prices to drop, while signs of Iran’s willingness to negotiate also pressured prices. Gasoline prices were supported by AAA’s projection of a record number of travelers for the Fourth of July holiday. Concerns about a global oil glut persist due to OPEC’s decision to increase crude production. US oil inventories are below seasonal averages, and active US oil rigs have hit a 3-3/4 year low.



Read more at Yahoo Finance: Crude Prices Slip as US Holds Back from Iran Attack