The price of crude oil was firm near $110 in Asian session Monday on concerns over supply disruption amid tension over Iran's disputed nuclear program.
Light Sweet Crude Oil (WTI) futures for April delivery, eased $0.56 to $109.21 a barrel. Last week, oil ended near a 10-month high on weak U.S. dollar and supply concerns as market sentiments largely influenced by Iran's stand-off with the west and fueling concerns of possible supply disruption from the Middle East.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.