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Crude oil futures settle lower on Tuesday

24 Jun 2026 Evaluate

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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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