Crude oil prices declined on Monday as investors assessed the encouraging progress in talks between the U.S. and Iran held in Switzerland. Sentiment was boosted by steps taken to reduce the Lebanon conflict as well as the Strait of Hormuz tensions.
Brent Oil Futures for September settlement are currently trading at $78.84, plunging 1.5 percent from the previous close of $80.05. In the day's trading, Brent ranged between $78.07 and $81.38. The 52-week trading ranged between $58.72 and $126.41.
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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.