Overview

• Crude and refined product prices plunged on June 24, driving gasoline back to June 9 levels and diesel to June 13 levels after the ceasefire announcement.
• Oil futures reversed losses on June 25, with WTI rising 1.62 percent to $65.41 per barrel and Brent up 1.53 percent to $68.17.
• Italian average self-service prices now stand at €1.752 per liter for gasoline and €1.682 for diesel.
• Leading distributors have cut pump prices by up to €0.02 per liter, with Q8 reducing both petrol and diesel and Tamoil trimming gasoline costs.
• European markets diverged on the news: Milan added 0.23 percent, Frankfurt fell 0.23 percent and Paris rose 0.04 percent; Ferrari and Stellantis led gains on Piazza Affari.