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Dollar Strength and Easing Iran Tensions Undercut Crude Prices
Yahoo Finance· 2026-02-06 04:22
March WTI crude oil (CLH26) on Thursday closed down -1.85 (-2.84%), and March RBOB gasoline (RBH26) closed down -0.0386 (-1.96%). Crude oil and gasoline prices fell sharply on Thursday after the dollar index (DXY00) rallied to a 1.5-week high. Also, US-Iran tensions eased, weighing on crude prices, after Iran confirmed it would hold talks with the US on Friday. In addition, today's weaker-than-expected US labor market news was bearish for economic growth prospects and energy demand. More News from Bar ...