WTI Crude Oil futures pull back after 8-session rally.

WTI Crude Oil futures pull back after an eight-session rally, dropping roughly 2.5% to trade near the $100 mark. The selling pressure follows news of potential negotiations among Middle East nations regarding shipping in the Strait of Hormuz, which has helped ease short-term supply concerns. Despite the daily decline, WTI remains up nearly 9% for the week and continues to trade near its highest levels since mid-May. Dan Deming breaks down the price action across the energy complex, noting that while RBOB Gasoline and Brent also traded lower, diesel prices continue to hold at record levels.