Crude Oil Declines Sharply on June 16 After U.S.-Iran War Ends, Pulling Down Fuel Oil Costs

According to Jin10 Futures, crude oil prices fell sharply on June 16 following the end of the U.S.-Iran conflict, pulling down fuel oil cost support. Market participants turned cautious amid bearish sentiment, with trading activity slowing and refineries facing increased difficulty in shipments. Fuel oil prices are expected to face downside pressure.
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