Oil extended declines on Tuesday, after having fallen to a three-month low in the previous session on easing energy supply concerns.
Brent crude futures for August delivery fell 2.1 percent to $81.41 a barrel, while WTI crude futures for July delivery were down 2.3 percent at $78.89.
U.S. President J D Vance indicated that U.S. President Trump may release a preliminary deal to end the war with Iran before Friday.
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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.