Oil prices fall about 1% at settlement

NEW YORK, (UrduPoint / Pakistan Point News / WAM - 24th Jun, 2026) Oil prices fell by about 1 percent at settlement on Tuesday, extending losses as markets assessed supply and demand fundamentals.

Brent crude futures declined 82 cents, or 1.1 percent, to settle at US$77.08 per barrel, while US West Texas Intermediate (WTI) crude fell 65 cents, or 0.9 percent, to US$73.21 per barrel.

Both benchmarks touched their lowest levels in nearly four months during the trading session.