Oil prices fell sharply on Monday as investors fretted about weak consumer demand in China and the possible impact on fuel demand.
Benchmark Brent crude futures were down 0.9 percent at $79.19 a barrel, while WTI crude futures were down 1.3 percent at $74.38.
Both benchmarks recorded a third straight week of gains last week to reach their highest levels since April, benefiting from a weaker dollar, signs of tight supply and optimism over slowing U.S. inflation.
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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.