Crude oil futures settled notably lower on Monday amid signs that nuclear talks between the U.S. and Iran are moving in a positive way, and there could be a removal of U.S. sanctions on Iranian oil sales.
West Texas Intermediate Crude oil futures for March ended lower by $0.99 or about 1.1% at $91.32 a barrel.
Brent crude futures drifted down $0.58 or about 0.6% to $92.69 a barrel.
Worries about crude supply have faded a bit following the Biden Administration restoring sanctions waivers to Iran to allow international nuclear cooperation projects.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.