On June 24th, international crude oil futures plummeted to a two-week low. The settlement price of the August WTI crude oil futures contract in the United States was $64.37 per barrel, a decrease of $4.14 or 6.0%. The settlement price of Brent crude oil futures for August was $67.14 per barrel, a decrease of $4.34 or 6.1%. The expected ceasefire agreement between Israel and Iran has reduced the risk of oil supply disruptions in the Middle East.

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