Crude oil prices recovered from lower levels on Monday amid concerns over tight supplies, but still ended the day's session on a weak note due to worries about outlook for energy demand.
The dollar's strength weighed as well on oil prices.
Meanwhile, natural gas prices climbed to fresh 14-year highs.
West Texas Intermediate Crude oil futures for September ended lower by $0.54 or about 0.6% at $90.23 a barrel, after dropping to a low of $86.30 at one stage.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.