Markets · Commodity markets, July 28

Crude sold off hard into the close as US-Iran talks resumed and the war premium continued to drain

Tuesday, July 28, 2026. From GEO's evening brief, after the close.

WTI is down more than 4% and Brent more than 5% on the session. Products split, with diesel firming even as gasoline held flat, after a Houthi strike shut a Saudi refinery. Metals fell across the board ahead of the Fed, and coffee jumped nearly 5%.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.