Edward Meir's week in review and thoughts for the week of June 22, 2026

With a memorandum of understanding signed between the US and Iran, crude oil prices continued to sell off this past week, although the declines were not as steep as what we saw in the week prior when news of the deal first came out.

Nevertheless, WTI still lost about $8.50/barrel on the week, while Brent finished down by about $7.80. The declines in product prices were not as steep as what we saw in the prior week either. Gasoline futures were down 5 cents/gallon on the week, ending just below the $3/gallon mark on Thursday, but distillates fell by a more substantial 28 cents/gallon, ending at around $3.13. Natural gas prices bucked the trend, ending at $3.23, up about 10 cents on the week.

Edward Meir

Edward brings more than a decade of hands-on experience in physical trading across aluminum, tin and scrap, paired with a deep fundamental market analysis background. His unique perspective strengthens AMU’s mission to deliver sharper insight, clearer context, and actionable intelligence for professionals across the aluminum value chain.