Crude oil prices cooled off considerably in June.
WTI, the primary U.S. oil price benchmark, slumped 20% for the month, closing at $69.50 per barrel
Meanwhile, Brent, the global benchmark, tumbled nearly 25%, closing at just below $73 per barrel. Both oil benchmarks are down more than 30% over the past quarter, their worst three-month period since 2020. Here’s a look at what fueled the June swoon in crude oil prices and what it means for energy stocks.
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