Oil Futures Fell Monday. No New U.S. Gasoline Price Was Set.

Oil futures were lower in early Monday trading, but neither CNBC update established a new U.S. gasoline price. A Nov. 8 market file, still updating on Monday, described West Texas Intermediate as down nearly 3 percent to around $88 a barrel and Brent as down more than 3 percent to about $95. A later Nov. 9 report put December WTI down 1.2 percent at $89.70. Those are different snapshots, not one settlement.

The later report tied the move to President Donald Trump saying fresh Iran attacks were "highly unlikely" while talks continued. Secretary of State Marco Rubio, speaking Sunday in Florida, called Iran's demands "outrageous and ridiculous." CNBC said Tehran proposed restarting talks in two days rather than seven, and that the sides remained far apart.

A lower futures price can ease refiner costs and, later, fuel bills if the move lasts and is passed through. That pass-through was not shown. Because the talks were still described as far apart, the supply risk was not declared over.

Did Monday's lower oil futures cut U.S. gasoline? No pump-price change was established. The verified moves are early futures quotes, alongside comments that talks were continuing and still far apart.