COMMODITY
Crude oil futures settle lower on Tuesday
Jun-24-2026

Crude oil futures settled lower on Tuesday following active shipping movements across the Strait of Hormuz since its reopening, which eased supply disruption concerns. However, traders parsed conflicting messages from the U.S. and Iran on Tehran’s nuclear issues. 

Benchmark crude oil futures for August delivery decreased by $0.65 or 0.88% to settle at $73.21 a barrel on the New York Mercantile Exchange. Brent crude for August delivery fell by $0.82 or 1.05% to settle at $77.08 a barrel on the New York Mercantile Exchange.

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