[MARKET ANALYSIS] Oil prices linger near the prior day's lows after slumping amid anticipation of returning supply

Newsquawk StaffPublished 17 Jun 2026, 02:33 UTCOn the live feed at 02:13 UTC — 1 more headline followed before this page went public

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[MARKET ANALYSIS] Oil prices linger near the prior day's lows after slumping amid anticipation of returning supply

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WTI/Brent: WTI Jul'26 +0.2% / Brent Aug'26 +0.1%

Oil prices are rangebound overnight and linger near the prior day's lows after slumping again amid prospects of returning supply due to the US-Iran interim peace deal, with Qatar reportedly to restore half of its LNG output a month after the Strait of Hormuz reopens, which could rise to 80% within two months, while it was also reported that the US will allow Iran to immediately begin selling oil and fuel under the deal to end the war.

Gold: +0.2%

Remains afloat after recent dollar weakness and softer yields, but with upside contained ahead of the FOMC.

Copper: +0.3%

Price action is rangebound amid the mixed global risk appetite.

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