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Oil extends decline as Trump accuses oil firms of 'gouging' consumers

CNBC · Jun 24, 2026, 5:09 AM · Also reported by 1 other source

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  • Oil extended losses during Asian trading hours on Wednesday as concerns over potential supply disruptions eased, while investors monitored developments in the Strait of Hormuz.
  • International benchmark Brent crude futures for August fell 0.91% to $76.38 a barrel.

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Oil extended losses during Asian trading hours on Wednesday as concerns over potential supply disruptions eased, while investors monitored developments in the Strait of Hormuz.

International benchmark Brent crude futures for August fell 0.91% to $76.38 a barrel. U.S. West Texas Intermediate futures for August dropped 0.94% to $72.52 per barrel.

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