Skip to main content

MoneyWorks4Me

Crude oil futures settle lower on Thursday

10 Jul 2026 Evaluate

Crude oil futures settled lower on Thursday after U.S. President Donald Trump remarked that Iran is seeking a deal with the U.S., fueling optimism over a potential end to the ongoing standoff. In addition, investors resorted to booking profits from the recent spike. 

Benchmark crude oil futures for August delivery decreased by $1.44 or 1.96% to settle at $72.08 a barrel on the New York Mercantile Exchange. Brent crude for September delivery fell by $1.72 or 2.20% to settle at $76.30 a barrel on the New York Mercantile Exchange.