Brent Crude Falls to $84 as Traders Await Possible U.S.-Iran Deal

Brent crude, the global benchmark, fell to $84 per barrel on June 13, its lowest settlement since April 17. Open interest on the contract rose to $243 million while volume exceeded $100 million. West Texas Intermediate crude extended its decline for a third consecutive session, touching an intraday low of $81. The move marks a sharp retreat from the contract's year-to-date peak of $119.

AAA data showed the national average gasoline price at $4.06 per gallon, down from $4.51 recorded one month earlier on the same date.

Traders cited market anticipation of a potential agreement between the U.S. and Iran that could be signed as early as Sunday in Zurich. Pakistan has served as a mediator in the talks, according to reports cited by Benzinga. Full terms of any agreement remain undisclosed.